Examlex
On occasion,a simulation may yield results that are statistically significant but have little use in a manager's decision making.Such results lack ________.
Gas Consumption
Gas consumption refers to the amount of gas (natural gas or fuel) used by an entity, often measured to understand energy use, efficiency, or environmental impact.
Statistically Significant
A determination that results in observed data are not likely to be due to chance alone, according to predetermined thresholds in statistical analysis.
Experimental
Relating to a scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.
Control Group
In experimental research, a group of subjects that does not receive the treatment being tested and is used as a benchmark to measure how the other tested groups do.
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