Mastering Determinism and Level 1 Uncertainty
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Mastering Determinism and Level 1 Uncertainty

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Questions and Answers

Which level of uncertainty involves situations where historical data can be used as predictors of the future?

  • Level 2 uncertainty
  • Level 1 uncertainty (correct)
  • Level 3 uncertainty
  • Level 4 uncertainty

    • In Level 2 uncertainty, what is assumed about the system model or its inputs?

  • They are irrelevant
  • They are completely uncertain
  • They are predictable with certainty
  • They can be described probabilistically (correct)

    • What can be assigned to the alternative futures in Level 2 uncertainty?

  • Uncertainties
  • Certainties
  • Probabilities (correct)
  • Values

    • Which level of uncertainty involves situations where one admits not being absolutely certain?

    <p>Level 1 uncertainty</p> Signup and view all the answers

    What type of decisions are generally involved in Level 1 uncertainty?

    <p>Short-term decisions</p> Signup and view all the answers

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