Intro to Business Statistics

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Experiment

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Intro to Business Statistics

Definition

A procedure carried out to support, refute, or validate a hypothesis. It involves manipulating one or more variables to observe the effect on another variable.

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5 Must Know Facts For Your Next Test

  1. Experiments involve independent and dependent variables.
  2. Randomization helps eliminate bias in an experiment.
  3. Control groups are used as a baseline to compare experimental outcomes.
  4. Replication of experiments increases the reliability of results.
  5. Experiments can be classified as controlled (laboratory) or natural.

Review Questions

  • What is the primary purpose of conducting an experiment?
  • Why is randomization important in an experiment?
  • What role does a control group play in an experiment?
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