- 1 Marks
QTB – Nov 2015 – L1 – SA – Q9 – Statistics
This question explores the importance of probability in business decision-making.
Question
Probability is important in business because most decision-making in business involves:
A. Mutually exclusive situations
B. Most-likely situations
C. Equally-likely situations
D. Uncertainty situations
E. Certainty situations
Find Related Questions by Tags, levels, etc.
- Tags: Business Decision-Making, Probability, Uncertainty
- Level: Level 1
- Topic: Statistics
- Series: NOV 2015
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