Probability, business and finance homework help

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Business Finance

Description

Do you use probability in your profession or real life? You most likely do. For example, the chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Evaluate and discuss how you make decisions based on the probabilities you hear in daily life.

Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.

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Explanation & Answer

Attached.

Running Head: PROBABILITY IN REAL LIFE

Probability in Real Life
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PROBABILITY IN REAL LIFE

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Probability is the extent to which something is probable or the likelihood of something
occurring. Probability has several applications in real life and sometimes people makes decisions
based on probability in a manner that it may be difficult to de...


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