Probability is used in business on a consistent basis to gauge the likelihood of one event occurring

Probability is used in business on a consistent basis to gauge the likelihood of one event occurring over another at a given time in the business cycle. Considering this, respond to the following:• From your organization, identify 1–2 examples related to how data are collected and displayed to facilitate the determination of probability in the resolution of business-related problems.• Describe how you would use probability to solve a business-related problem, such as budget forecasting or market forecasting for a particular season.• Describe how the probability that a given product will be sold successfully in a given target market can be determined.250 words with REALreferences and citations.