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Compute Conditional Probabilities
-The manager of a used car lot took inventory of the automobiles on his lot and constructed the following table based on the age of his car and its make (foreign or domestic) . A car was randomly selected from the lot. Given that the car selected was a foreign car, what is the probability that it was older than 2 years?
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An unoccupied job or role within an organization that is open for recruitment.
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A policy or practice that requires employees to retire at a certain age, regardless of their desire or ability to continue working.
Human Resource Audits
A comprehensive method of objectively and systematically assessing the effectiveness of an organization’s HR policies and procedures.
Replacement Chart
A visual or data-driven tool used in human resources to outline potential internal candidates for succession planning or to fill upcoming vacancies.
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