Difference in classical-empirical-subjective probabilities

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1. Define clearly your understanding of Dilution and Displacement, two important terms that are quite different. Then, give me an example of each in a non-airline context.

2. Discuss What is the difference between classical, empirical, and subjective probabilities and give examples of each. Please give an original answer and not a recycled one from any other source.

3. An organizational strategy that emphasizes a focus on efficiency and productivity and doing more with less by offering lower prices for their products or services than their competitors is utilizing what type of strategy?

Reference no: EM132298414

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