_________ Modeling Involves Graphically Representing the Processes That Capture, Manipulate

question 35

Short Answer

_________ modeling involves graphically representing the processes that capture, manipulate, store, and distribute information between a system and its environment.

---

Definitions:

Expected Expense

Anticipated costs associated with planned activities or purchases within a certain period.

Expected Income

The amount of money one anticipates earning over a specific period, often considering current income and potential changes.

Expected Income

The amount of money one anticipates receiving over a specific period, considering various factors like job security and market conditions.

Expected Value

is a statistical measure that calculates the average outcome of a random variable over a large number of trials.