If a model contains uncertain outputs, it can be very misleading to build a deterministic model by using the means of the inputs to predict an output. This is called the:
a. Law of Large Numbers.
b. Flaw of Averages
c. Law of Inevitable Disappointment
d. Central Limit Theorem
b
You might also like to view...
In the introduction to a report on how to establish a paperless office, explaining the historical conditions or factors that led up to the report
A) enables readers to understand how the opportunity developed. B) is unnecessary in internal reports. C) diminishes your credibility by wasting readers' time. D) is necessary only in very formal reports. E) is likely to convince the audience without any further information.
When is conflict good for a team? When is it bad for a team?
What will be an ideal response?
Under the model stock approach, the retailer determines space needs by _____
a. calculating the amount of floor space necessary to carry and display a proper assortment of merchandise b. assigning space on the basis of sales or profits per foot c. dividing merchandise into impulse and specific intent categories d. assigning goods into complementary and substitute categories
Partnerships are not subject to income taxes, but partners individually are responsible to pay personal income taxes on their share of the income of the partnership
Indicate whether the statement is true or false