____ Models Are Also Called Simulation Models

question 20

Multiple Choice

____ models are also called simulation models.

• A) Computational
• B) Scientific
• C) Physical
• D) Stochastic

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Definitions:

Population Mean

The average value of a population attribute, representing the central point of a data set for the entire population.

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen.

Confidence Interval

A range of values, derived from sample data, that is likely to include the true population parameter with a specified level of confidence.

Population Proportions

Population proportions represent the fraction of individuals in a population that belong to a specified category or exhibit a particular attribute.