Explore BrainMass

Explore BrainMass

    Probability Concepts in Business Decision Making

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    These are the questions I need help with:
    1. What is the role of probability concepts in business decision making?

    2.. Please give two examples that are related to Customs & Immigration.

    © BrainMass Inc. brainmass.com June 3, 2020, 6:46 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/probability-concepts-in-business-decision-making-74819

    Solution Preview

    If you search http://www.ask.com you would encounter the following as an online booklet from a governmental source,

    http://nasdocs.faa.gov/nasiHTML/risk-mgmt/vol2/05_chv2.html

    There is also a chapter from the US Air Force that discusses probability and risk (risk is evident in business decisions and in ...

    Solution Summary

    This solution explains the role of probability concepts in business decision making and two real-life examples that are related to Customs & Immigration. All references used are included.

    $2.19

    ADVERTISEMENT