The Process of Determining If a Model Is an Accurate

question 5

Multiple Choice

The process of determining if a model is an accurate representation of the real system is called

• A) the null hypothesis.
• B) software engineering.
• C) synthesis.
• D) validation.
• E) verification.

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Definitions:

Marginal Benefit

The increased pleasure or advantage received from the consumption or creation of an additional unit of a good or service.

Marginal Benefit

The supplementary enjoyment or value derived by a person upon consuming an extra unit of a particular good or service.

Marginal Cost

The cost of producing one additional unit of a good or service.

Marginal Benefit

Marginal benefit is the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.