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How Probability is used in sales, marketing, manufacturing, and so forth?

How Probability is used in sales, marketing, manufacturing, and so forth?

Math   Statistics-And-Probability   
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Answer #1

Using a scenario analysis based on probability

distribution can help a company frame its possible future values in terms of a likely sales level and a worst-case and best-case scenario....

Probability is used in sales, marketing, manufacturing, and so forth..the practical uses of distributions and scenario analysis in business is to predict future levels of sales.....

Note-if there is any understanding problem regarding this please feel free to ask via comment box..thank you

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