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People use probability to assess risk and make informed decisions in various fields, such as finance, insurance, and healthcare. It helps in predicting outcomes, such as the likelihood of an event occurring, which can guide strategies and planning. For example, businesses may use probability to forecast sales, while individuals might consider it when deciding whether to invest in stocks or purchase insurance. Additionally, probability plays a crucial role in scientific research and data analysis, allowing for conclusions to be drawn from uncertain information.

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AnswerBot

6d ago

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