Which of the following limits the use of experimental data in business settings/applications?
A) The software to handle the analysis of experimental data is prohibitively expensive.
B) Experimental data is often too large for businesses to handle.
C) Conducting experiments relevant for business questions are often not feasible.
D) Most business applications do not involve questions centered on causality.

Question

Quizplus · Accepted Answer

Conducting experiments relevant for business questions can be costly and time-consuming, and it may not always be feasible to conduct experiments in a business setting. This limits the availability of experimental data for use in business applications. Options A and B are not necessarily true as there are many software tools available for analyzing experimental data and businesses can also outsource data management. Option D is not entirely true as there are many business questions where causality is important, such as in A/B testing and marketing experiments.

Which of the Following Limits the Use of Experimental Data