commodity test

commodity test

Lab medicine Any lab test that can be performed in terms of 'economy of scale,' ie the higher the volume of tests of a particular type performed, the lower the cost per unit; in general, CTs do not require a rapid turnaround, and the price is reduced to a minimum
Mentioned in ?
References in periodicals archive ?
Gain for yield was positive (6.5%) in the late commodity test and near zero in the late food-grade-exotic test (Table 2).
Among individual successor tests, the early commodity test showed little improvement in any trait, and had near-zero H values for yield and maturity.
Results of means tests of percent changes in prices for selected energy commodities t-value of Commodity tested means test t-statistic Natural gas 0.1377 1.69 Crude petroleum -.0057 1.69 Fuel oil #2 .0164 1.69 Gasoline .1013 1.69 Residential electricity .0382 1.69 Residential natural gas .0105 1.69 Commodity tested Decision on null hypothesis Natural gas Fail to reject Crude petroleum Fail to reject Fuel oil #2 Fail to reject Gasoline Fail to reject Residential electricity Fail to reject Residential natural gas Fail to reject
Table 2: Results of variance tests of percent changes in prices for selected energy commodities Commodity tested F-value of F-statistic variance test Natural gas 1.1656 1.57 Crude petroleum 1.2862 1.57 Fuel oil #2 1.2204 1.57 Gasoline .9619 1.57 Residential electricity 1.5161 1.57 Residential natural gas 1.0953 1.57 Decision on null Commodity tested hypothesis Natural gas Fail to reject Crude petroleum Fail to reject Fuel oil #2 Fail to reject Gasoline Fail to reject Residential electricity Fail to reject Residential natural gas Fail to reject