________ Models Are Synonymous with Stochastic Models

question 57

Short Answer

________ models are synonymous with stochastic models.

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Definitions:

Probability Distribution

A mathematical function that defines the probabilities of all possible outcomes for a random variable.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how spread out the values are from the mean.

Independent Variables

Variables in an experiment or model that are manipulated or classified to determine their effect on dependent variables.

Standard Deviation

A way to quantify how much spread or differentiation exists in a dataset.