Business Studies, asked by mistibanerjee567, 4 months ago

what is required in removing further uncertainties​

Answers

Answered by hkofficial654
0

Explanation:

Uncertainty refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown. Uncertainty arises in partially observable and/or stochastic environments, as well as due to ignorance, indolence, or both.[1] It arises in any number of fields, including insurance, philosophy, physics, statistics, economics, finance, psychology, sociology, engineering, metrology, meteorology, ecology and information science.

Answered by ItzRisingStar
1

\huge\bf\underline\red{Anѕwєr:-}

Measurement uncertainty is critical to risk assessment and decision making. Organizations make decisions every day based on reports containing quantitative measurement data. If measurement results are not accurate, then decision risks increase. Selecting the wrong suppliers, could result in poor product quality.

Similar questions