Which probability theory is commonly used in business
decision making?
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Answer:
About Probability, Statistics and Chance
For example, consumer demand forecasts commonly use a random sampling from the target market population. However, when you're making a purchasing decision based solely on cost, the full cost of each item determines which comes the closest to matching your cost expectation.
Answered by
0
Answer:
About Probability, Statistics and Chance
Explanation:
For example, consumer demand forecasts commonly use a random sampling from the target market population. However, when you're making a purchasing decision based solely on cost, the full cost of each item determines which comes the closest to matching your cost expectation.
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