________ Are Preprogrammed Software Elements That Can Be Used to Build

question 70

Short Answer

________ are preprogrammed software elements that can be used to build computerized models.One example is the random-number generator that can be employed in the construction of a simulation model.

---

Definitions:

Sample Size

The number of observations or replicates used in a statistical sample.

Confidence Estimate

A range or interval within which an unknown population parameter is expected to lie, calculated to a specific confidence level.

Observations

The act of monitoring or recording systematically selected variables or data points for a particular study.

Value Of T

A calculated statistic used in t-tests that measures the size of the difference relative to the variation in the sample data, commonly used to test hypotheses about means.