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Many phenomenons of business, economics and social science posses uncertainly on the outcomes may not always be the same even under the same set of circumstances. They lack deterministic regularity in its outcomes. All these terms may, probably, possibly, likely, etc.

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Parker Paradigms, Inc. Phone: Email: help 24houranswers. Probability is a way of determining how likely something is to happen, and the area of math called probability theory gives us the mathematical tools necessary to analyze each situation and perform the necessary calculations.

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