After reading the example of where probability values can be used in
managerial decision-making to establish a product guarantee, post a comment where you think probability could be used to help solve management questions/problems. Think of something at work, past or present, where you could apply the techniques in the example to assist in making the best decision. If you can’t draw on a life experience, then think of a product/issue where this process could be applied. Please explain your answer.
I will pay 5.00. The answer does not have to be long and there is no word count.