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What is the difference between analytical method and simulation?
analytical methods is Dividing a system logically into basic parts and Reasoning or acting from a perception of the parts and interrelations of a subject while simulation is a technique of conducting experiments using models of a system to figure out the behaviour at different environments
What is the difference between a Texas Instruments TI 84 Plus Silver edition graphing calculator and a TI 86 calculator?
The two models have very different user interfaces. For most purposes, a TI-84 is easier to use and much more popular than the TI-86, and this may have been the reason the TI-86 was discontinued.
Is it true or false that there is only one way to write an algebraic rule that models the relationship between two quantities?
No, it is not true but the rules must be equivalent.
What models are mathematical models of the master budget that can react to any set of assumption about sales costs and product mix?
Financial Planning Models
What is verbal model?
Analytical models that provide a written representation of the relationships between variables. e.g. Total cost=Cost per unit*number of units
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