Models that do not involve risk or chance are
A)probabilistic models.
B)postoptimality models.
C)deterministic models.
D)MIS models.
E)None of the above

Question

Quizplus · Accepted Answer

Deterministic models are those that do not involve risk or chance, and their outcomes can be precisely determined. Probabilistic models, on the other hand, involve uncertainty or randomness in their outcomes, while postoptimality models are techniques used to improve the solutions obtained from optimization models. MIS models refer to Management Information Systems.

Models That Do Not Involve Risk or Chance Are