Question: post an example of a current decision-making situation (from your professional or personal life) where it is potentially beneficial to apply the probability techniques examined
post an example of a current decision-making situation (from your professional or personal life) where it is potentially beneficial to apply the probability techniques examined this week. Your example should involve a decision-making situation that is complex with important outcomes. Address each of the following in your post:
- Describe the situation in detail, including the complexity, the importance, and the manner in which decisions are currently being made.
- Explain how the statistical techniques you learned about this week could improve decision making in this situation. What benefits would be derived from improving decision making?
- Explain potential impediments you might foresee, as well as how they might be resolved.
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