Part – B: Because the parameters used in mathematical models are frequently estimates, actual results may differ from those projected by the aforementioned mathematical analysis in Part-A. To account for some of the uncertainties which may exist in a problem, analysts often conduct sensitivity analysis. The objective is to assess how much a solution might change if there are changes in model parameters. Assume that the software development costs by outside firms might actually fluctuate by =15% from the $2.5 per-line estimate. Re-compute the breakeven points if the costs are 15 percent higher or lower (compute for both the cases) and compare your results with the original answer in Part A.
Part – B: Because the parameters used in mathematical models are frequently estimates, actual results may differ from those projected by the aforementioned mathematical analysis in Part-A. To account for some of the uncertainties which may exist in a problem, analysts often conduct sensitivity analysis. The objective is to assess how much a solution might change if there are changes in model parameters. Assume that the software development costs by outside firms might actually fluctuate by =15% from the $2.5 per-line estimate. Re-compute the breakeven points if the costs are 15 percent higher or lower (compute for both the cases) and compare your results with the original answer in Part A.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.FOM: Focus On Modeling: Linear Programming
Problem 14P
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need answer of part b only
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