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A mathematical model is an equation, inequation, function or math structure that "models" a real life situation.

For example if, in a business, your fixed costs are $1300.00 per month

and your sales are represented by S, and your markup is 60%,

then your profit, P, would be described by the following equation:

P = 60/160(S) - 1300.

The 60/160 represents the fraction you make on a sale: 60?(100 + 60)

Mathematical modeling is a reasonably universal call given to a set of numbers to symbolize the actual international. possibly the main reasonable one is a examine e book. you have some numbers in a e book, and that's meant to symbolize the quantity of money you have interior the financial business enterprise. the actuality is that's would not. you would be able to desire to have stunning tests the financial business enterprise don't understand approximately, or made a deposit that may not credited yet, and so on. yet another occasion could be a catalogue equipment. you have some numbers that symbolize what proportion bricks or widgets you have in inventory. It ain't actual. some have been bought and not entered yet (not lots with cutting-facet computers and element of sale get entry to), some have been stolen, and so on. we are in a position to get slightly extra complicated. The "international warming" fashions, the "computing gadget simulations" attempt to foretell what's going to ensue. They supposedly symbolize "actuality" under specific situations. different fashions (e.g. queuing thought) symbolize line forming habit under specific situations. you may actually use them to be sure what proportion telephone strains to place in in a corporation to manage incomming (or outgoing or the two) site visitors. every time you utilize a variety to symbolize actuality, you have a mathematical variety. that's so straightforward as "I even have 2 canines." continually, tony