September 2018
Intermediate to advanced
392 pages
10h 16m
English
Professional expertise
Next the board obtained evidence from practitioners. But what is the likelihood of this evidence? To be more precise, what is the likelihood that experienced professionals will agree that an ethnically diverse workforce will improve the company’s performance by at least 10 per cent if this hypothesis were true? We would argue that this likelihood is quite high. For this reason, we set P(E|Htrue) at 90 per cent. According to Bayes’ Rule, however, we must also consider P(E|Hfalse): what is the likelihood that experienced professionals would agree if the hypothesis were NOT true (for example, if the effect on performance ...
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