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Probability is about assessing chance of something happening

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Question

Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty. We make risky decisions every day based on quick and often intuitive assessments of the probability of negative consequences. Share a decision you made in the last 2 weeks that involved considering the probability of something happening and deciding to take a risk anyway.

1. Describe the possible options you had in the context of the decision.

2. Share the choice that you decided on and your rationale for making that choice.

Reference no: EM133559307

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