The term ________ refers to testing how a problem solution reacts to changes in one or more of the model parameters.
A) graphical solution
B) decision analysis
C) sensitivity analysis
D) break-even analysis

Question

Quizplus · Accepted Answer

Sensitivity analysis is the process of testing how a problem solution reacts to changes in one or more of the model parameters to identify the most critical factors affecting the model's output. Graphical solution refers to solving a system of equations using graphical methods. Decision analysis refers to the process of making decisions based on data and analytical methods. Break-even analysis refers to the process of determining the point at which total revenue equals total cost.

The Term ________ Refers to Testing How a Problem Solution