All of the Following Are Scientific Methods Organizations Use to Anticipate

question 49

Multiple Choice

All of the following are scientific methods organizations use to anticipate, forecast, and assess the future, except:

• A) Computer simulation
• B) Historical analysis
• C) Trend analysis
• D) Trend simulation

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Definitions:

Homeowner's Policy

An insurance policy that provides coverage for damage to one's home and belongings inside, along with liability for accidents that occur on the property.

Annual Profit

The financial gain made by a business over the course of a year, calculated as total revenue minus total expenses.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.

Standard Deviation

An indicator of the spread or diversity within a dataset, showing to what extent the individual numbers deviate from the dataset's average.