Explain how probability theory may relate to managing risks

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The probability scale falls between 0.0 (no probability) and 1.0 (certainty). After reviewing basic probability theory in the library, list two questions related to probability concepts that emerged as you explored the topic of probability. Explain how the probability theory may relate to managing risks. Share the two resources you used to learn about probability. Include a brief annotation for each resource that describes the value of the resource.

Reference no: EM131128479

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