Question: Using quantitative models Select one or more: O An algorithm is a method to solve a mathematical model. If the solution of a model is

Using quantitative models Select one or more: O An algorithm is a method to solve a mathematical model. If the solution of a model is not appropriate for the real-world problem, the model should be modified, e.g. by using less realistic assumptions. For a real-world problem there is exactly one model. Real-world problems can be solved using experience and intuition

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