Unformatted text preview: like this when asked to perform a test of collected data. The simulation is a great way to understand what to look for using tests like ANOVA. Since this is a simulation, there is always another shot at fixing the problems that are at hand, but in the real world, that is not the case. If this was a test for a future decision or they wanted to test a hypothetical test, than this would be a good way to test all outcomes and weigh out the decisions in the simulation test before making a final decision. With any decision, it takes time to think of every input and output, since each choice as a factor on any decision and people want to make the right choices the first time, every time. When it comes down to a decision that affects financial situations, I know that each choice within the decision making process is huge, so I know that tests used to study population samples....
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- Spring '12
- Decision Making, Decision making software