Examlex
Managers experience bounded rationality when they focus narrowly on maximizing their firm's profits and ignore the broader perspective of society's preferences.
Mean Square
A statistical measure representing the average of the squared differences from the mean, often used in variance and regression analysis.
Treatments
Interventions or actions taken in a research study to investigate their effects on an outcome of interest.
Critical Value
A point on a statistical distribution that represents a threshold beyond which an observed test statistic is considered significant.
P-value
The chance of achieving results from a test that are at minimum as critical as what was actually noted, on the condition that the null hypothesis holds.
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