A Technique That Is Useful in Exploring What Would Happen

question 51

Multiple Choice

A technique that is useful in exploring what would happen if a key decision prediction or assumption proved wrong is termed:

• A) sensitivity analysis.
• B) uncertainty analysis.
• C) project analysis.
• D) linear programming.
• E) the theory of constraints.

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Definitions:

Test Statistic

A calculated value from sample data used in hypothesis testing to determine whether to reject the null hypothesis.

Calculated Value

A numeric value derived from mathematical operations on data or parameters.

Population Variances

A measure of the dispersion of all the values in a population, reflecting how much the individuals within the population differ from the population mean.

Equal Variances

An assumption in certain statistical tests that the variance within each of the groups or samples is the same across all groups or samples.