Research in Organizational Behavior Is Based on Scientific Thinking, Which

question 24

True/False

Research in organizational behavior is based on scientific thinking, which means the proposed explanations are carefully tested and the explanations that can be scientifically verified are the only ones that are accepted.

Understand and apply the concept of conditional probability.

Calculate the overall probability of an event based on given individual probabilities and conditions.

Interpret and calculate probabilities in real-life contexts, such as weather impact on activities or health test accuracy.

Understand the concept of false positives in testing and calculate the probability of an event based on test accuracy and prevalence.

---

Definitions:

Disposable Income

The amount of money available to households for making purchases and savings after the removal of income taxes.

Saving

The act of setting aside a portion of current income for future use, or the portion of income not spent on current expenditures.

MPC (Marginal Propensity to Consume)

The proportion of additional income that is spent on consumption.

Saving

The act of setting aside money for future use instead of spending it immediately.