Which statement is false regarding mathematical models?
A)The modeling process can be a learning experience.
B)It is possible to simulate several months, quarters, or years of company operations in a matter of minutes.
C)Models are more expensive than the trial- and- error method.
D)Models provide a predictive power.

Question

Quizplus · Accepted Answer

Mathematical models are generally less expensive than trial-and-error methods because they allow for testing and analysis without the costs associated with real-world experimentation.

Which Statement Is False Regarding Mathematical Models