Which Type of Model Has Predictive Capability

question 35

Multiple Choice

Which type of model has predictive capability?

• A)physical model
• B)mathematical model
• C)narrative model
• D)graphic model

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Definitions:

Variance

A statistical measure that represents the degree of spread in a dataset or the variability of the observations from the average.

Population Mean

The average value of a particular characteristic within an entire population.

Confidence Intervals

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

Normal Populations

Refers to groups whose underlying distribution follows a normal (Gaussian) distribution, characterized by a symmetric bell-shaped curve.