A mathematical model is constructed to explain the environment facing a retailer in which research technique?
A) survey
B) experiment
C) observation
D) simulation

Question

Quizplus · Accepted Answer

A simulation is used to create a mathematical model to understand how the environment impacts the retailer. Using a simulation, the retailer can test various strategies and scenarios without the high cost and risk of implementing them in the real world.

A Mathematical Model Is Constructed to Explain the Environment Facing