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 girls joining her programme based on sector wide data. In the Bayesian approach, what sort of probability is this?

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

---

Definitions:

Counteroffer

An offeree’s response to an offer in which the offeree rejects the original offer and at the same time makes a new offer.

Original Offeror

The entity or individual who first makes an offer or proposal in a contract negotiation scenario.

Offer Terminates

The point at which a proposal or invitation to engage in a contract is revoked or becomes invalid.

Specified Time

A clearly defined or designated period within which something is supposed to happen or be completed.