Which one of the following statements about simulation analysis is FALSE?
A)If a result is statistically significant,it is always managerially significant.
B)Simulation analysis is a form of hypothesis testing.
C)In simulation,dependent variables reflect the values of both the decision variables and the uncontrollable variables.
D)Statistical methods require the replication of simulation runs.

Question

Quizplus · Accepted Answer

The statement "If a result is statistically significant, it is always managerially significant" is false. Statistical significance only indicates that there is a low probability that the result occurred by chance. Managerial significance depends on the context and practical implications of the result.

Which One of the Following Statements About Simulation Analysis Is