September 2018
Intermediate to advanced
392 pages
10h 16m
English
Note
A few (more) words on probabilities
In Chapter 12 we explained that evidence-based management is all about probabilities: the extent to which something is likely to happen or to be the case – given the evidence – expressed as a percentage. The higher the probability of an outcome, the more certain that the outcome will occur. For example, if we find that the probability of a claim (for example, ‘engaged workers perform better than their disengaged peers’) given the available evidence (such as a meta-analysis) is 20 per cent, this means there is an 80 per cent probability that this claim is incorrect. The problem with probabilities, however, ...
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