To Create a Scenario Summary Report,click on the Series: Data

question 8

True/False

To create a scenario summary report,click on the series: Data tab > Data tools > What-If Analysis > Scenario Manager > Summary button > Scenario Summary dialog box > Select Scenario PivotTable report for Report type > OK.

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Definitions:

False Null Hypothesis

A hypothetical error that occurs when a true null hypothesis is incorrectly rejected.

Type II Error

The statistical error that occurs when a test fails to reject a false null hypothesis, also known as a "false negative."

Sample Size

Refers to the number of observations or data points collected in a sample from a population for the purpose of statistical analysis.

Level of Significance

The threshold chosen by the researcher which determines the probability at which the null hypothesis will be rejected, often denoted by alpha (α).