Which of the Following Phrases Best Describes a Machine That

question 41

Multiple Choice

Which of the following phrases best describes a machine that inputs data, performs one or more calculations, and produces output data?

• A) manual calculator
• B) digital computer
• C) data-processing system
• D) difference engine
• E) cash register

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Definitions:

Historical Records

Documented events, transactions, or other data from the past, used for reference or analysis.

Demand Frequency

The rate at which goods or services are requested or required by customers.

Expected Demand

The anticipated quantity of a product or service that consumers will purchase in a future period under given conditions.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, often used to assess risk and uncertainty in business and engineering models.