Every mathematical model.
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
Answer: Option C
Solution(By Examveda Team)
Every mathematical model represents data in numerical form. Mathematical modeling is the art of translating problems from an application area into tractable mathematical formulations whose theoretical and numerical analysis provides insight, answers, and guidance useful for the originating application.This Question Belongs to Management >> Operations Research
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D. None of the above
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B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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