Approximations and simplifying assumptions generally are required to have a workable model.

Question

Quizplus · Accepted Answer

This statement is true. In order to create a model that can be analyzed and understood, it is often necessary to make approximations and simplifying assumptions. This allows complex systems or situations to be represented in a more manageable way. However, it is important to recognize the limitations of these simplifications and potential impact on the accuracy of the model.

Approximations and Simplifying Assumptions Generally Are Required to Have a Workable