Question

Examples of modern applications of probability in business

Answer 1

Consider, for example, a company considering entering a new business line. APPLICATION IN BUSINESS Sales ForecastingOne practical use for probability distributions and scenario analysis in business is to predict future levels of sales.

Answer 2

Answer:

Consider, for example, a company considering entering a new business line. APPLICATION IN BUSINESS Sales ForecastingOne practical use for probability distributions and scenario analysis in business is to predict future levels of sales.