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An Example of How a Decision under Uncertainty May Be Assessed in the Business Environment
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Business owners have to make decisions everyday of the week, often they do not have all the information needed to make an optimal decision. The writer demonstrates the way in which statistical analysis, including forecasting and use of probability, may be utilized in order to make a business decision. The example used is that of a retailer selling ice cream, and the need to determine the amount order. Three sources are cited in the bibliography this four page paper.
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Pages:
4
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Filename:TS14_TEdecuncert.rtf |
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Paper Title:
An Example of How a Decision under Uncertainty May Be Assessed in the Business Environment
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