A Spreadsheet Does Not Work Very Well to Use as a Dynamic

question 70

True/False

A spreadsheet does not work very well to use as a dynamic model.

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Definitions:

Null Hypothesis

A statement positing that there is no significant difference or relationship between specified populations, any observed difference being due to sampling or experimental error.

Probability

A measure of the likelihood that an event will occur, quantified between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Null Hypothesis

A type of hypothesis used in statistics that suggests there is no significant difference or effect in a particular condition, serving as a default position until evidence suggests otherwise.

P < .05

A statistical threshold indicating that the probability of observing the obtained result, or more extreme, if the null hypothesis is true, is less than 5%.