How does knowledge of statistical probability help us in decision making?
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Statistics can also aid the decision making process by enabling us to establish numerical benchmarks and monitor and evaluate the progress of our policy or program. This is essential in ensuring that policies are meeting initial aims and identifying any areas which require improvement.
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It helps because if you know the probability for a decision, then you will know how likely it will work, or who it will benefit, and what decision you should make.
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