Which of the Following Are Benefits of What-If Analysis

question 53

Multiple Choice

Which of the following are benefits of what-if analysis?

• A)It pinpoints the sensitive parameters of the model
• B)It gives the new optimal solution if conditions change
• C)It tells management what policy decisions to make
• D)All of the above
• E)None of the above

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Definitions:

Z-Scores

Standardized scores that indicate by how many standard deviations an element is from the mean.

Z-Score

Another term for standard score, indicating the number of standard deviations a data point is from the mean of its distribution.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Standard Normal Distribution

A bell-shaped probability distribution characterized by a mean of zero and a standard deviation of one, used in many areas of statistical analysis.