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Probability Concepts in Business Decision Making

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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.

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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.

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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 ...

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