QNT 275 Week 3 Participation Probability and Conditional Probability in Business Decision

Watch the “Probability and Conditional Probability in Business Decision-Making” video.

Consider the following as you watch:

• Define probability.
• Provide three examples of probability.
• Define conditional probability.
• Provide three examples of conditional probability.
• Describe what questions you might ask to determine probability of risks when starting your own company.
• Provide at least three questions.