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27 May, 21:34

Statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as

A. a robust model.

B. the EOQ.

C. a probabilistic model.

D. a quantity discount model.

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Answers (1)
  1. 27 May, 21:48
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    C. a probabilistic model.

    Explanation:

    This is a short definition of "probabilistic model"
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