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    risk or uncertainty

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    What do you think is the typical situation in the business world: risk or uncertainty? Can you think of situations in the business world or other real life situations where you would need to estimate probabilities?

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    https://brainmass.com/business/business-math/risk-or-uncertainty-330269

    Solution Preview

    I think in the business world a more typical situation would be risk. They know what the possible outcomes of a ...

    Solution Summary

    An example of a business situation is briefly provided.

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