mathematical model
Math (expressions, equations, inequalities, tables, graphs or code) that represents a real situation so we can make predictions and decisions.
assumption
Something we decide to treat as true so we can build the model, like half the students will buy a cup.
variable (in a model)
A quantity that can change, like the number of cups sold.
profit
The money left over after paying the costs: money in − costs.
revise
Change the model when new information arrives or an assumption turns out to be wrong.