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Discussion Board 1 What is probability and how important is it to decision making in business and at home? If you are not sure what
Discussion Board 1 What is probability and how important is it to decision making in business and at home? If you are not sure what I am talking about here is an example. What is the probability of you passing this course if you dedicate yourself to processing all that is in the course versus you not taking the course seriously at all? Discussion Board 2 Uncertainty is a fact of life for human beings and we face uncertainty as well when we are trying to make decisions. In chapter 6 there are the expected monetary value criterion and the maximin criterion. Which one do you think works best in making decisions with uncertainty? Discuss your answer with others
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