STAT 201 University of California Deterministic and Probabilistic Models Discussion
Description
Unformatted Attachment Preview
Purpose
To assess your ability to:
apply the terminology of decision making to describe business problems
compare and contrast deterministic and probabilistic models
Action Items
Using the definitions found in Chapter 1 of Quantitative Analysis, the Internet, and your own personal experiences, make notes on an
example of each of the following to the class Discussion Board topic “Deterministic and Probabilistic Models”.
A deterministic model;
A probabilistic model; and
A situation in which you could use post optimality analysis (also known as sensitivity analysis).
Submission Instructions
Complete and submit this assignment per your professor’s instructions.
Grading Criteria
Accuracy and completion of assignment: 0-6 points
Purchase answer to see full
attachment
To assess your ability to:
apply the terminology of decision making to describe business problems
compare and contrast deterministic and probabilistic models
Action Items
Using the definitions found in Chapter 1 of Quantitative Analysis, the Internet, and your own personal experiences, make notes on an
example of each of the following to the class Discussion Board topic “Deterministic and Probabilistic Models”.
A deterministic model;
A probabilistic model; and
A situation in which you could use post optimality analysis (also known as sensitivity analysis).
Submission Instructions
Complete and submit this assignment per your professor’s instructions.
Grading Criteria
Accuracy and completion of assignment: 0-6 points
Purchase answer to see full
attachment
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