Question 10 1 pts In your undergrad program, you are often asked to solve problems given the numbers to put into the calculation. However, the difficulty in applying something like the Over/Under (Newsvendor) framework is not in solving the problem once you have the numbers to put into the calculation. No, often the difficulty is in determining the numbers that go into the model. For example, take the issue of potential climate change. What is the C, of not doing enough to address the issue? What is Co. the cost of doing too much? And how might you quantify the level of uncertainty surrounding the cause of climate change? These are numbers that are difficult to assess. Given these difficulties in applying the model, what can you say about its use? It's still could give us a way of thinking about problems, even though estimates of the parameters are difficult to assess. Because Cu and Co are difficult to assess, we can "cherry-pick" and use whatever Cu and Co give us the answer we prefer. We should ignore the model. We should treat the model as giving us exact answers.