Sometimes Called a Sensitivity Analysis, a What-If Analysis Allows You

question 18

Essay

Sometimes called a sensitivity analysis, a what-if analysis allows you to study how changing one or more values affects the results.Please briefly describe the following terms related to performing a what-if analysis: decision variables, constants, and output variables.

---

Definitions:

Political Pollster

A professional or organization that conducts polls and surveys to gauge public opinion and preferences in the political arena.

Quantitative Data

Numerical data that can be measured and ordered, representing quantities and amounts.

Interval

A range of values used to estimate a population parameter, including a measured level of reliability.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second or vice versa.