Do you think probability can enhance decision-making

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Assignment:

Do you think applying probability can enhance decision-making? Invent a business situation (once again, supply quantitative information that supports your narrative) that demonstrates the use of probability in sales forecasting, scenario analysis, or risk evaluation. Be sure your explanation clearly describes how probability data supply meaningful input for the decision-making process. Support your explanation with a quantitative example.

Reference no: EM133356926

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