Which of the following statements are true?
A) An alternative to algebraic modeling is spreadsheet modeling.Instead of relating various quantities with algebraic equations and inequalities,they are related in a spreadsheet with cell formulas.
B) Data are usually meaningless until they are analyzed for trends,patterns,relationships,and other useful information.
C) Algebraic models,by means of algebraic equations and inequalities,specify a set of relationships in a very precise way.Their main drawback is that they require an ability to work with abstract mathematical symbols.
D) When we make inferences from data and search for relationships in data,or when we use decision trees to help make decisions,we must deal with uncertainty.
E) All of these options
Correct Answer:
Verified
Q17: The @Risk is an Excel add-in that
Q18: Graphical models are probably the least intuitive
Q19: Algebraic models,by means of algebraic equations and
Q20: Dealing with uncertainty includes measuring uncertainty and
Q21: Data analysis includes
A) data description
B) data inference
C)
Q23: The decision-making process includes
A) optimization techniques for
Q24: Which of the following is an Excel
Q25: Which of the following statements are false?
A)
Q26: Which of the following is not one
Q27: Which of the following is not one
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