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Questions and Answers
What does sensitivity analysis provide a qualitative description of?
What does sensitivity analysis provide a qualitative description of?
Uncertainty
What statistical measures are considered in stochastic analysis?
What statistical measures are considered in stochastic analysis?
Mean and standard deviation
What does stochastic analysis examine in addition to mean and standard deviation of input data?
What does stochastic analysis examine in addition to mean and standard deviation of input data?
Temporal and spatial correlations
What is a typical question that can be asked in stochastic analysis?
What is a typical question that can be asked in stochastic analysis?
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If a 90% reliability is needed in the manager’s recommendation, what parameter is considered for calculation?
If a 90% reliability is needed in the manager’s recommendation, what parameter is considered for calculation?
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What probability-related question can be addressed in stochastic analysis?
What probability-related question can be addressed in stochastic analysis?
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