Quantitative Methods Are Tools Available to Operations Managers to Help

question 43

True/False

Quantitative methods are tools available to operations managers to help make a decision but not a recommendation.

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Definitions:

Supported

The state or condition of being backed up with evidence or data, making an assertion more robust or credible.

Reject

In statistics, to conclude that there is enough evidence to discard the null hypothesis in favor of the alternative hypothesis.

F-Ratio

A statistical measure used in the context of ANOVA, calculated as the variance between sample means divided by the variance within the samples.

Main Effect

The direct impact of an independent variable on a dependent variable in an experimental design, ignoring interaction effects.