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Analytical Tools in Business: Addressing Consumer Behaviors, Teambuilding, and Necessity.
This paper investigates three of the commonly- used analytical tools and concepts that are used to help effectuate decisions in a business environment. The types of analytical models that are investigated in this paper are probability theory and statistics, utility theory and game theory. Through investigating these tools in this three- tired framework, the reader has a greater comprehension of how analytical tools can be used to accomplish various reforms within a business or the business sector as a whole.
