Science Comes from the Latin Word,"scire" Which Means

question 62

Multiple Choice

Science comes from the Latin word,"scire" which means

• A)to know
• B)to research
• C)to question
• D)all of the above

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Definitions:

Demand Frequency

The rate at which goods or services are requested or required by customers.

Expected Demand

The anticipated quantity of a product or service that consumers will purchase in a future period under given conditions.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, often used to assess risk and uncertainty in business and engineering models.

Cumulative Probability

The probability that a random variable takes on a value less than or equal to a specific value, used to understand the likelihood of different outcomes.