Suppose the Exact Statements of the Assumptions of a Model

question 47

Multiple Choice

Suppose the exact statements of the assumptions of a model do not enter in a crucial way,so that slightly different assumptions still lead to the same conclusion.When this occurs,the model is

• A) tractable.
• B) robust.
• C) rational.
• D) efficient.

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Definitions:

Probability Distribution

A function that describes the likelihood of obtaining the possible values that a random variable can assume.

Number of Horses

A specific count of horses in a particular context, such as a race, a farm, or a study.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points.

Expected Value

A calculation in probability theory representing the average outcome one can expect from a random event, when considering all possible outcomes and their probabilities.