Which of the following is NOT part of determining the practical significance of random error?

Question

Quizplus · Accepted Answer

Multiple regression analysis is not part of determining the practical significance of random error. The other options are relevant in assessing the practical significance of random error. Cost-benefit analysis is important in determining whether the cost of reducing random error is worth the potential benefits. Crucial difference analysis involves examining whether the amount of random error is small enough to be considered negligible. Client acceptability is an important consideration as the level of random error may affect the confidence that clients have in the results.

Which of the Following Is NOT Part of Determining the Practical