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In what situations might you use probability as a manager

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In what situations might you use probability as a manager to approach business-related problems? What are the advantages to using probability concepts in business decisions? Are there any disadvantages or possible pitfalls to avoid in using probability in business?;How would you justify advantages and disadvantages of probability theory with some examples from real life, any profession/industry?

 

Paper#35058 | Written in 18-Jul-2015

Price : $27
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