If the distribution of museum visitors has not changed, what…
If the distribution of museum visitors has not changed, what is the total expected number of visitors in the sample who visited in the first four days (Mon-Thursday)?
If the distribution of museum visitors has not changed, what…
Questions
If the distributiоn оf museum visitоrs hаs not chаnged, whаt is the total expected number of visitors in the sample who visited in the first four days (Mon-Thursday)?
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Alex is а fаmоus deаler in preciоus gemstоnes, including rare colored diamonds. Morgan owns a luxury jewelry boutique and has occasionally purchased gemstones from Alex. Alex called Morgan and told him that he had a rare diamond for sale that was a natural pink diamond from the Argyle mine. Morgan, surprised, told Alex, 'I just had a customer looking for one,' and agreed to buy it for $200,000. Alex signed and then emailed his standard form sales contract to Morgan. The contract stated in part: "Seller agrees to sell and Buyer agrees to buy the following product: diamond for the purchase price of: $200,000." Alex filled in the words "diamond" and "$200,000" in his own handwriting; the remaining pages of the contract were preprinted. Morgan didn’t see a requirement to sign, but returned the contract to Alex along with payment in full. Alex then shipped the diamond to Morgan. When Morgan received the diamond, he sent it to a gemological laboratory for authentication. A week later, the lab informed Morgan that the stone was not a natural pink Argyle diamond but rather a laboratory-grown diamond worth approximately $5,000. Morgan immediately called Alex and told him that he was returning the diamond and expected a full refund. Alex was shocked by the news. He genuinely believed that the diamond was a natural pink Argyle diamond when he sold it to Morgan. Alex told Morgan that he would not accept the return and refused to refund his money. Alex pointed out that their written sales contract expressly provided that the diamond was "sold as is, without a certification of any kind." Morgan responded that Alex had specifically told him during their telephone conversation that the diamond was a natural pink diamond from the Argyle mine and that he had relied on that representation when agreeing to purchase it. Alex then noted that the written contract also contained a merger clause stating: "This written contract contains the entire agreement between the parties and supersedes any and all prior written and/or oral agreements." Unable to resolve the dispute, Morgan angrily filed a lawsuit against Alex for breach of contract, seeking rescission or damages. What arguments will Morgan likely make to support his claim, what arguments will Alex likely make in response, and who is likely to prevail? Discuss.