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In a Terminating Simulation the Simulation Could Theoretically Go on Indefinitely

question 17

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In a terminating simulation the simulation could theoretically go on indefinitely.


Definitions:

Population Variances

A measure of the dispersion of a set of data points in a population data set.

Normally Distributed

Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Level of Significance

In hypothesis testing, it's the threshold used to determine the statistical significance of an observed effect, often set at values like 0.05 or 0.01.

Rejection Region

The range of values in hypothesis testing that, if the test statistic falls within, leads to the rejection of the null hypothesis.

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