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Rainbow Airlines has experienced a continuing and unexplained decline in the number of tickets sold on its major routes from New York to San Francisco.You have been asked to give the Senior Vice- President of the Marketing Division a report on the problem and to Outline alternative courses of action for the airline to take.How would you start?
Probability
A measure or estimation of how likely it is that an event will occur, expressed as a number between 0 and 1.
Unfavorable
Describing something that is disadvantageous, negative, or not beneficial; often related to opinions, conditions, or outcomes.
Probability
The chance of an event happening, represented numerically from 0 to 1.
Establishing Probability
The process of determining the likelihood that a given proposition or hypothesis is true.
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