Creation of Alternative Hypothetical but Equally Likely Future Conditions Is

question 25

Multiple Choice

Creation of alternative hypothetical but equally likely future conditions is called

• A)contingency planning.
• B)trend analysis.
• C)balancing the scorecard.
• D)strategy formulation.
• E)forecasting.

---

Definitions:

Uniformity Test

A statistical test used to determine if all elements of a set or population are consistent or homogeneous.

Laboratory Test

An analysis conducted under controlled conditions in a specialized environment to examine the properties or performance of materials or systems.

Tukey's Method

A statistical technique for identifying outliers by defining ranges or thresholds outside of which all data points are considered outliers.

Normal Populations

Populations where the distribution of the variable of interest is normally distributed, allowing the use of certain statistical techniques.