Applying probability can enhance decision making?

Do you think applying probability can enhance decision making? Invent a business situation (once again, supply quantitative information that supports your narrative) that demonstrates the use of probability in sales forecasting, scenario analysis, or risk evaluation. Be sure the explanation clearly describes how probability data enhances meaningful input into the decision-making process by including a quantitative example. [MO2.3]
Your initial posting should be 200 to 300 words. Before posting, revise your composition to ensure that it is written in the objective third person and is free of grammar and structure errors. As this activity is a dialog exercise, engage peers by responding in a way that professionally supports or challenges the discourse.?

Sample Solution