Multiple Choice
The analyst waited anxiously at his computer and finally the answer appeared - he would need 57 chickens to fund his retirement plan.Still, he had some nagging doubts about some assumptions he had made and he wondered how much faith he should put into the answer of 57.In order to test how reliable the figure 57 is, the analyst varied a number of parameters in the model and ran multiple tests for each set of input data.Each time, the model suggested he acquire 57 chickens - sometimes one more or one less, but never more than one chicken either side of 57.We could describe the solution as
A) correct.
B) static.
C) parametric.
D) robust.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Shirley's time sitting at her desk was
Q8: Suppose she decides to get both ducks
Q9: When a problem is difficult to quantify,
Q10: Once a quantitative solution has been found
Q11: Which Excel feature is an optimization technique
Q13: Which of the following techniques involves forecasting
Q14: Mickey built his lemonade stand out of
Q15: Shirley's time sitting at her desk was
Q16: What element contributes to automation of the
Q17: What are some issues with an analyst's