Probability data enhances meaningful input

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Discussion

Identify the forum in the subject line of your posting (e.g., "Discussion Forum 3/[Your Name]"). Post your response to the discussion topic(s) by the date indicated in the Course Calendar, and comment on at least two responses.

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 the explanation clearly describes how probability data enhances meaningful input into the decision-making process by including a quantitative example.

Reference no: EM133032459

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