If You Have Historical Data for Any of the Random

question 42

True/False

If you have historical data for any of the random variables in your model, you can use this dialog to instruct Analytic Solver Platform to automatically identify and suggest appropriate probability distributions for your data.

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Definitions:

Type II Error

A statistical mistake made by failing to reject a false null hypothesis; not detecting an effect or difference when there actually is one.

Test Impact

Measures the effect or change resulting from the introduction or implementation of a test or assessment.

Correct Decision

This is a decision in statistical hypothesis testing that correctly accepts the null hypothesis when it is true or correctly rejects it when it is false.

NMR

Nuclear Magnetic Resonance, a spectroscopic technique used to observe local magnetic fields around atomic nuclei, facilitating the determination of molecule structure.