Hello,

I need help with question:

You are considering purchasing a house. How should you decide to purchase a brand-new house, or an older house?

follow these steps :

) Comprehensiveness: You must consider different aspects of the problem. If you believe your response depends on a specific factor, then you need to consider that factor in your analysis. You might also need to provide examples. You can make assumptions as long as you clearly mention them and the assumptions you make do not make the problem too simple! 2) Methodology: You must follow the steps of the mathematical modeling as outlined below. You need to provide a reasonable argument for each part (e.g., why you chose a particular model?). a. Formulation i. Defining the problem clearly ii. Identifying the model to use iii. Gathering real-world data b. Solution i. Identifying feasible solutions ii. Evaluating feasible solutions and finding the optimal solution iii. Testing the solution iv. Sensitivity analysis c. Implementation i. Determining the actions that should be taken ii. Planning for taking the identified actions 3) Data: You must use real-world data and include the reference to the data you used. 4) Validity of arguments: Your arguments must have a solid basis. For example, if you conduct sensitivity analysis on a specific parameter, you need to provide a reasonable argument for why you chose that particular parameter.

Thank you!