With reference to a spreadsheet model, an uncontrollable model ...

[DelorasTo]

With reference to a spreadsheet model, an uncontrollable model input is known as a(n)
 a. decision variable. b. dummy variable.
  c. parameter. d. statistic.

Question 2

Platinum Gym has 10,000 gyms members out of which 1500 memberships included Unlimited Fitness Training and use of the tanning salon, and out of which 750 included Unlimited Hydromassage. If the Fitness Training are considered A, the use of the tanning salon are considered B, and the Hydromassage are considered C, then the associate rule for these sales become If A and B are purchased, then C is also purchased. Given total transactions for C is 3000 . Calculate benchmark confidence level.

[sarahccccc]

Answer to Question 1

c
RATIONALE: In a what-if model, a parameter refers to an uncontrollable model input.

Answer to Question 2

0.3
RATIONALE: The total number of transactions for C is given as 3000 . Benchmark confidence is the number of transactions that include the consequent divided by the total number of transactions. Therefore the benchmark confidence level = 3,000/10,000 = 30.

[DelorasTo]

Thanks for the timely response, appreciate it

[recede]

Excellent