One Key Advantage of Computer Simulation Is That Is Makes

question 49

True/False

One key advantage of computer simulation is that is makes full use of the simplifying approximations that are available.

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Definitions:

Quantitative Data

Data that can be quantified and is typically structured in nature, usually represented in numbers and statistics for analysis.

Qualitative Data

Non-numerical information that describes qualities or characteristics, often gathered through interviews, observations, or surveys.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about consumers and competitors.

Primary Data

Original data collected firsthand for a specific research purpose or project.