A First Step in Determining How Well a Model Fits

question 5

Multiple Choice

A first step in determining how well a model fits reality is to:

• A) check whether the inputs are correct 
• B) see if the sensitivity analysis is correct 
• C) check whether the model is valid for the current situation 
• D) try some what-if scenarios to see if the model is able to obtain solutions

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Definitions:

Null Hypothesis

A statement or theory that assumes there is no statistical significance between specified populations, any observed difference being due to sampling or experimental error.

Blood Type

A categorization of blood determined by whether specific inherited antigens are present or absent on red blood cell surfaces.

Dependent

A variable in an experiment or model that is affected by other variables, known as independent variables.

Frequency of Car Accidents

The number of occurrences of car accidents within a specified period, often used to assess risk and improve safety measures.