Explain How Risk Analysis Is Used to Estimate Profits

question 33

Essay

Explain how risk analysis is used to estimate profits.

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Definitions:

Contradictories

Statements that cannot both be true at the same time and under the same circumstances.

Contraries

Statements, concepts, or propositions that cannot both be true at the same time, but can both be false.

Subcontraries

In traditional logic, propositions that cannot both be false but can both be true, specific within the square of opposition.

Subalternates

In logic, these refer to propositions that are related in such a way that the truth of one implies the truth of the other, but not necessarily vice versa.