Think applying probability can enhance decision making

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Question

1. 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 supplies meaningful input for the decision-making process. Support your explanation with a quantitative example.

2. Before posting, revise your composition to ensure that it is written in the objective third person and is free of grammar and structure errors. As this activity is a dialog exercise, engage peers by responding in a way that professionally supports or challenges the discourse.

Reference no: EM133484273

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