________ Models Ask "What-If" Questions Repeatedly to Determine the Impact

question 67

Short Answer

________ models ask "what-if" questions repeatedly to determine the impact on outcomes of changes in one or more factors.

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Definitions:

Missing Context

Refers to when information needed for full understanding or interpretation is not provided or is incomplete.

Probability Model

A mathematical representation of a random phenomenon, defined by its sample space, events within the sample space, and probabilities associated with each event.

Amount Won

The total sum of money or prizes earned as a result of winning a competition, gamble, or bet.

Deck Of Cards

A set of 52 playing cards typically used in various games, consisting of four suits: hearts, diamonds, clubs, and spades.