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Statistical analysis is essential to identifying the critical factors in simulation. Performing the analysis of variance is to ensure the proper selection of significant factors. With this, understanding and judgment become more effective in making appropriate decisions regarding the product and process designs.
The purpose of statistical analysis is to determine the normal (probable) behavior of a simulation and distinguish it from abnormal (improbable) behavior of a system. In other words, we want to distinguish what happens commonly from what merely happens by chance.
For example, if our simulation models traffic and a truck flips over on the freeway, a statistical analysis would determine whether such an accident happens often or if this was simply an unlucky day for the driver and the accident happened by chance.
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http://en.wikipedia.org/wiki/Statistical_power
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levels of variables important in statistical analysis?
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AStA Advances in Statistical Analysis was created in 2007.
What has the author Raymond H Myers written?
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What has the author Jack PC Kleijnen written?
Jack P.C Kleijnen has written: 'Statistical techniques in simulation' -- subject(s): Simulation methods, Mathematical statistics
What has the author Jacob Cohen written?
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What math courses does a business major take?
At the bachelor's level, it typically requires math analysis, brief calculus with applications, and business statistical analysis.At the bachelor's level, it typically requires math analysis, brief calculus with applications, and business statistical analysis.At the bachelor's level, it typically requires math analysis, brief calculus with applications, and business statistical analysis.At the bachelor's level, it typically requires math analysis, brief calculus with applications, and business statistical analysis.At the bachelor's level, it typically requires math analysis, brief calculus with applications, and business statistical analysis.At the bachelor's level, it typically requires math analysis, brief calculus with applications, and business statistical analysis.
