1. Optimizers are a set of procedures defined in SciPy that either find the minimum value of a function, or the root of an equation. Group of answer choices True False   2. A simulation of the underlying value at maturity is sufficient for the Monte Carlo simulation of European style options. Group of answer choices True False   3. A derivative is a financial instrument whose value depends on the value of an underlying variable. Group of answer choices True False   4. Two classes of statistical problems are most commonly addressed within Monte Carlo framework: integration and optimization.  Group of answer choices True False   5. Global maxima is the highest point in the whole curve. Group of answer choices True False

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A: SOLUTION -

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System Model Approaches

The systems model approach is a process-oriented representation that emphasizes the impact or flow of information between modules. The multidisciplinary study of the use of models to design and create systems in business and IT development is known as systems model approach. It models how processes interact and what these processes do, but it does not go into detail about how these processes are implemented. Functional decomposition may be utilized to enhance the models employed in this technique, and they can be coupled to requirements models for additional system partitioning.