Explain How What-If Analysis Is Employed, Using Examples

question 5

Essay

Explain how what-if analysis is employed, using examples.

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Definitions:

Gender

The social and cultural roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.

Class Stratification

The hierarchical organization of society into different social classes based on factors such as wealth, income, education, and occupation, affecting access to resources and opportunities.

Median Income

The midpoint of all household incomes.

Ideology

A belief system that tries to explain and justify the status quo.