Sensitivity Analysis is useful in decision making because it tells the user how much critical each input is for the output value. Sensitivity Analysis, also known as "What - If" analysis, is a technique used to determine how changes in variables or inputs impact the outcomes or results of a model or decision. It helps decision-makers understand which variables have the most significant influence on the output or outcome of a decision or project. By assessing the sensitivity of various inputs, decision-makers can make more informed choices and prioritize their efforts based on the variables that have the most significant impact on the results.
What is the area of a square?
I. The measure of diagonal of the square is given.
II. The measure of one side of the square is given.
<...Three friends—Arun, Bhavesh, and Chandan—have different ages. Bhavesh is 9 years younger than Chandan. Find Chandan's current...
Read the following question and decide which of the statements is/are sufficient to answer the question.
Find the value of 'n'.
Statement...
By selling a product for Rs.520 how much profit was earned?
I. 12% discount on the market price.
II. The profit was one- third of the cost price.
What is the area of the circular field?
Statement I: The area of the largest square that can be inscribed in the given circular field is 6400 sq...
In how much time can Pipe C empty the tank? Statement I: Pipes A and B can fill half the tank in 6 hrs 30 minutes. Statement II: Together with e...
What is the rate of interest % per annum?
I. The difference between the compound interest and the simple interest on an amount Rs 20,000 in two y...
There are 7 people in a group. Average age of the group decreases by 5 when two more people join the group. Find the average age of the new group.
<...What is the age of Kunal?
Statement I - Four years ago, the age of Kunal was three-fourth his present age.
Statement II - Four years...
What is the area of the hall?
I: Total cost (Labour + Material) of flooring the hall is Rs. 29,000
II: Labour cost of flooring the hall is...