What Does Randomization Mean in Terms of Experiments

question 33

Multiple Choice

What does randomization mean in terms of experiments?

• A)Each of the experimental units is randomly selected to participate.
• B)Each of the experimental units is randomly assigned to a treatment.
• C)The researchers randomly select which treatments they will include in the experiment.
• D)None of the above.

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Definitions:

Differentiation

A strategy businesses use to make their product or service stand out from competitors by highlighting unique features or benefits.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, such as cost, product quality, or customer service.

Low-Cost Producer

A business strategy aimed at becoming the most cost-efficient manufacturer in an industry to gain a competitive advantage.

High-Cost Producer

An entity that produces goods or services with higher operational costs compared to its competitors.