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Applying conditional probabilities to the workplace In this unit's notes, you were introduced to the concept of conditional probability, and how contingency tables can be used to determine the conditional probability of an event. Based on the theory behind conditional probabilities and

Applying conditional probabilities to the workplace In this unit's notes, you were introduced to the concept of conditional probability, and how contingency tables can be used to determine the conditional probability of an event. Based on the theory behind conditional probabilities and

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Applying conditional probabilities to the workplace In this unit's notes, you were introduced to the concept of conditional probability, and how contingency tables can be used to determine the conditional probability of an event. Based on the theory behind conditional probabilities and contingency tables, consider the following: The notes provided you with multiple examples of the kinds of conditional probabilities (in a business context) that may be worth analysing. One example is the probability of new employees needing to be hired given WorkWizard's expansion. Are there any dependent events or conditional probabilities you would like to investigate in your organisation or workplace? What are they? Based on your answer to the question above, what insights do you think would be revealed if you conducted this analysis, and input the collected data into a contingency table?
Transcribed Image Text:Applying conditional probabilities to the workplace In this unit's notes, you were introduced to the concept of conditional probability, and how contingency tables can be used to determine the conditional probability of an event. Based on the theory behind conditional probabilities and contingency tables, consider the following: The notes provided you with multiple examples of the kinds of conditional probabilities (in a business context) that may be worth analysing. One example is the probability of new employees needing to be hired given WorkWizard's expansion. Are there any dependent events or conditional probabilities you would like to investigate in your organisation or workplace? What are they? Based on your answer to the question above, what insights do you think would be revealed if you conducted this analysis, and input the collected data into a contingency table?
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