t you use probability as a manager to approach business-related problems? What are the advantages to using probability concepts in business decisions?...

"In what situations might you use probability as a manager to approach business-related problems? What are the advantages to using probability concepts in business decisions? Are there any disadvantages or possible pitfalls to avoid in using probability in business?"How would you justify advantages and disadvantages of probability theory with some examples from real life, any profession/industry?

"In what situations might you use probability as a manager to approach businessrelated problems? What are the advantages to using probability concepts inbusiness decisions? Are there any...