We model the UV/optical spectrum of the black hole binary Nova Muscae as a
sum of blackbody emissions from the outer region of an accretion disk. We s
how for self-consistency that scattering effects in this region are not imp
ortant. The black hole mass (M approximate to 6 M-circle dot), the inclinat
ion angle (mu approximate to 0.5), and the distance to the source (D approx
imate to 5 kpc) have been constrained by optical observations by Orosz and
coworkers during quiescence. Using these values we find that the accretion
rate during the peak was (M) over dot approximate to 8 x 10(19) g s(-1) and
subsequently decayed exponentially. We define a radiative fraction (f) to
be the ratio of the X-ray energy luminosity to the total gravitational powe
r dissipated for a Keplerian accretion disk. We find that f approximate to
0.1 and remains nearly constant during the ultrasoft and soft spectral stat
es. Thus, for these states, the inner region of the accretion disk is advec
tion-dominated; f probably increased to approximate to 0.5 during the hard
state and finally decreased to approximate to 0.03 as the source returned t
o quiescence. We show that advective flow in the disk is optically thick be
cause of high accretion rates during the outburst. This is in contrast to s
ome theoretical models of advection-dominated disks that require optical th
inness. We speculate that this optically thick advective disk could be the
origin of the soft component if copious external cold photons are available
. The soft component could also be due to a Keplerian nonadvective disk tha
t terminates at around R approximate to 30 Schwarzschild radius. However, i
n this case the inner advective flow has to be photon-starved. Theoretical
models of inner hot accretion disks are generally parameterized in terms of
the normalized accretion rate (m) over dot = (M) over dot/(M) over dot(Edd
), where (M) over dot(Edd) is the Eddington accretion rate. Our results sho
w that Nova Muscae was in the ultrasoft state when (m) over dot greater tha
n or equal to 50, in the soft state for 50 > (m) over dot > 2, and in the h
ard state for (m) over dot less than or equal to 2. Our results constrain p
resent and future theoretical models for the inner regions of accretion dis
ks around black holes. We highlight the need for multiwavelength observatio
ns of future black hole novae to confirm the results presented here.