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Evidence-Based Management
book

Evidence-Based Management

by Eric Barends, Denise M. Rousseau
September 2018
Intermediate to advanced
392 pages
10h 16m
English
Kogan Page
Content preview from Evidence-Based Management

image Note

Probability versus likelihood

You will notice that we use the term probability when referring to the hypothesis and likelihood when referring to the evidence. In daily life these terms are synonyms, but in statistics and probability theory there is a distinction between them (see also the ‘prosecutor’s fallacy’, below). The exact, technical explanation of this difference, however, falls beyond the scope of this book.

To get a good understanding of the concept of likelihood, consider this example: Julia comes home from a short business trip. When her husband unpacks her suitcase, he finds another man’s underwear. What is the probability ...

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Publisher Resources

ISBN: 9780749483753