How Applying Probability Can Enhance Decision Making

October 1, 2022

How Applying Probability Can Enhance Decision Making

Order ID:89JHGSJE83839

Style:APA/MLA/Harvard/Chicago

Pages:5-10

Instructions:

How Applying Probability Can Enhance Decision Making

Discussion Forum 3

In Discussion Forum 3, please identify the forum in the subject line of your posting (e.g., “Discussion Forum 3/[Your Name]”). Post your response to the discussion topic(s) by the date indicated in the Course Calendar, and comment on at least two classmates’ responses.

Do you think applying probability can enhance decision making? Invent a business situation (once again, supply quantitative information that supports your narrative) that demonstrates the use of probability in sales forecasting, scenario analysis, or risk evaluation. Be sure the explanation clearly describes how probability data enhances meaningful input into the decision-making process by including a quantitative example. [MO2.3]

Your initial posting should be 200 to 300 words. Before posting, revise your composition to ensure that it is written in the objective third person and is free of grammar and structure errors. As this activity is a dialog exercise, engage peers by responding in a way that professionally supports or challenges the discourse.?

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Literature Support

91-84 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%

40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76 points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49 points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%

37-1 points

The background and/or significance are missing. No search history information is provided.

75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met