When We Run Simulation,the @Risk Automatically Keeps Statistics Such as Averages

question 63

True/False

When we run simulation,the @Risk automatically keeps statistics such as averages and standard deviations,and can also create graphs such as histograms based on the values generated in the output cells in the simulation model.

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Definitions:

Level of Significance

A statistical measure that indicates how likely it is that the results observed in your data occurred by chance.

Null Hypothesis

The null hypothesis is a default hypothesis that there is no significant difference or relationship between specified populations, any observed difference being due to sampling or experimental error.

Null Hypothesis

A statistical hypothesis that proposes there is no significant difference or effect.

Alternative Hypothesis

A statement in hypothesis testing that suggests a significant difference or relationship exists between variables, contrasting the null hypothesis.