Probability is often used to develop projections, forecasts and budgets.
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CRM stand for composite risk management. The CRM probability indicates whether or not a business transaction will actually take place.
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Statistics is used in Business Management to tell the trend of the sale of certain goods and services. It is used to predict the various factors that affect trade.
Examine the role of probability for making inferences in business research.
In order for one to know how to handle the business.