Walmart's Implementation of RFID, a Type of Technology That Allows

question 55

Multiple Choice

Walmart's implementation of RFID, a type of technology that allows it to improve inventory tracking, is an example of a(n) ________ change because Walmart already had a very effective technology tracking system in place before it implemented RFID.

• A) reactive
• B) incremental
• C) cultural
• D) responsive
• E) proactive

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Definitions:

Bayes' Law

A theorem describing the probability of an event based on prior knowledge of conditions that might be related to the event.

P(A|B)

The probability of event A occurring, given that event B has already occurred.

P(B|A)P(A)

Represents the probability of event B given event A has occurred, multiplied by the probability of event A; used in the calculation of joint probabilities.

Bayes' Law

A theorem that describes the probability of an event, based on prior knowledge of conditions that might be related to the event.