Asked by Angelica Renata on Jul 07, 2024
Verified
What type of probability is associated with an individual's movement behaviours in a specific job,given the Markov model?
A) stochastic probability
B) movement probability
C) transitional probability
D) promotion probability
Stochastic Probability
Involves randomness and uncertainty, it is the probability approach used to model and predict outcomes in situations where exact outcomes are unpredictable.
Transitional Probability
Calculated as the proportion of employees, or the number of employees who have historically resided in a given employment state divided by the total number of employees in the job. The transitional probability of termination for a job that has 10 employees and historically has seen 2 leave every year is 2/10, or 20 percent.
Markov Model
A mathematical model that accounts for transitions from one state to another in a system, where the probability of each state depends only on the current state and not on the history of states.
- Grasp the principles of stochastic probability as it applies to individual movement behaviors within organizations.
Verified Answer
Learning Objectives
- Grasp the principles of stochastic probability as it applies to individual movement behaviors within organizations.
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