[blank] is a method of quantifying uncertainty without having to estimate probabilities.
A)Standard deviation
B)Sensitivity analysis
C)Coefficient of variation
D)Decision tree analysis

Question

Quizplus · Accepted Answer

Sensitivity analysis is a method of quantifying uncertainty that does not require the estimation of probabilities. Instead, it evaluates the effect of changing uncertain inputs on the model's outputs. It helps identify which variables have the greatest impact on the model's results and how changes in these variables affect the overall outcomes. Other options (standard deviation, coefficient of variation, decision tree analysis) all require some estimation of probabilities to quantify uncertainty.

[Blank] Is a Method of Quantifying Uncertainty Without Having to Estimate