Examlex
Solve the problem.
-Give the probability that the roll of a die will show 6 or 5.
Markov Models
A statistical model used to model randomly changing systems where it is assumed that future states depend only on the current state and not on the sequence of events that preceded it.
Transitional Probabilities
The likelihood of moving from one state or condition to another, often used in the context of labor markets, health statuses, or economic conditions.
Promotion
An employee's upward advancement in the hierarchy of an organization.
Vacancy Model
A framework used for understanding or predicting employment vacancies within an organization, focusing on the causes and durations of vacancies and strategies for filling them.
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