Managers are quick to claim that quantitative analysts talk to them in a jargon that does not sound like English. List FIVE terms from Chapter 1 of the text book (Quantitative Analysis for Management, Render et al.) that might not be understood by a Manager. Then EXPLAIN in non-technical terms what each of Five terms means with suitable example where needed.

1) Sensititvity analysis with example

2) Algorithm with example

3) Break even point with example

4) Probabilistic model with example

5) Deterministtic model with example