In Our Previous Example, the Human Resources Manager Had Already

question 13

Multiple Choice

In our previous example, the human resources manager had already calculated the probability of no women being hired based on sector wide data. In the Bayesian approach, what sort of probability is this?

• A) Prior probability
• B) Posterior probability
• C) Positive probability
• D) Inferior probability

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Definitions:

Fixed Assets

Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, representing wear and tear, deterioration, or obsolescence.

Operating Cash Flow

Operating cash flow refers to the cash generated from the normal operating activities of a business within a specific time period.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted into cash in the upcoming year.