A Simulation Model Extends Spreadsheet Modeling by

question 26

Multiple Choice

A simulation model extends spreadsheet modeling by

• A)extending the range of parameters for which solutions are computed.
• B)using real-time values for parameters from the application to formulate solutions.
• C)replacing the use of single values for parameters with a range of possible values.
• D)using historical data to make predictions about future values and expected trends.

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Definitions:

Determined Actions

Refers to actions whose outcomes are influenced or dictated by prior conditions or laws, suggesting a lack of free will.

Compatibilism

The thesis that both determinism (in some interpretations) and free action can be true. Determinism does not rule out free action, and the possibility of free action does not require that determinism be false. They are compatible positions.

Kant

Immanuel Kant was an 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern Western philosophy, especially through his doctrine of transcendental idealism.

Practical Reason

The application of our rationality to practical problems—particularly moral problems—the solution to which consists in action (as opposed to a statement or a theory).