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Drake is a department manager in a company which has recently decided to hire a new analyst.After interviewing all candidates,Drake recommended the company hire Anne,but senior management preferred to hire Beth.Drake argued that Beth is an inferior choice,but agreed to accept her for a trial period of six months.At the end of the trial period,Drake evaluated Beth's performance as poor.Although this evaluation may have been fair,it is also possible that it was biased by:
Probability
A measure of the likelihood of a certain event or outcome, expressed as a number between 0 and 1.
Expected Utility Maximizer
An economic concept referring to individuals or entities that make choices under uncertainty to maximize their expected level of satisfaction or utility.
Utility Function
Depicts how different combinations of goods or services generate levels of happiness or utility for a person or household.
Probability
A measure of the likelihood of a specific event or outcome occurring, expressed as a number between 0 and 1.
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