Which of the Following Correctly Explains a Probabilistic Model

question 18

Multiple Choice

Which of the following correctly explains a probabilistic model?

• A)A probabilistic model shows the possibility of a range of outcomes.
• B)A probabilistic model gives a description of real world economic phenomena.
• C)A probabilistic model examines the changes in economic variables over a period of time.
• D)A probabilistic model is a model that is based on a value judgment.
• E)A probabilistic model is a model that is used to explain long-run economic phenomena

Understand and differentiate between the types of oral presentations.

Estimate and manage the time required to prepare an effective presentation.

Understand the role and potential downsides of using handouts in presentations.

Apply effective techniques in handling questions and interacting with the audience during a presentation.

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Definitions:

Legitimate

Something that is recognized and accepted as right, legal, or in accordance with established standards.

Justified

Considered or deemed to be appropriate or valid under the circumstances.

Fundamental Characterization

The basic and essential description or analysis of the intrinsic properties or nature of something.

Legitimate Authority

A form of power that is recognized and accepted by the society or organization over which it is exercised.