What is an example from your own life or in your workplace, where you have used probability to make a decision?
What is an example from your own life or in your workplace, where you have used...
Describe a situation from your own life where you used both creative and critical thinking to come to a decision. How did your decision-making skills benefit from using these two types of thinking? Using the same situation, consider how your family members or friends would have viewed and dealt with the situation. How do you think their perspectives and backgrounds would affect their view of the situation? Do you think they would have acted differently than you? Why or why...
Cases of the Wrong Question Describe an example – from your own life or from elsewhere – of an instance where the wrong question was asked in response to a problem needing solved. Why was the wrong question asked, and what might have been done so that the right question was asked? Give an example of a ‘right question’.
Define System-1 and System-2 thinking in your own words. Give an example from your personal or work life where you would use each of them, explaining why each is appropriate to the situation in which you use it. Heuristics Define "heuristic" in your own words. Give an example of a heuristic might be used in your personal or professional life and briefly show how it could have a positive or negative effect. Do not use examples found in the text....
1. Identify an example of inventory in your own life. Estimate how much it costs you to hold this inventory. Estimate the "ordering cost." How often do you replenish this inventory, and which of the inventory policies does this most closely resemble? 2. Think of a service you recently used. How might this service be restructured to create service inventory as in the example of Zoots? What would they have to do? What advantages would the company gain, and how...
1. Identify an example of inventory in your own life. Estimate how much it costs you to hold this inventory. Estimate the "ordering cost." How often do you replenish this inventory, and which of the inventory policies does this most closely resemble? 2. Think of a service you recently used. How might this service be restructured to create service inventory as in the example of Zoots? What would they have to do? What advantages would the company gain, and how...
Can you think of examples from your own life where you, or someone you know, has been willing to pay a higher price for a good or service because you/they thought it was more efficient? Looking back, was it/is it worth it? Please type answer
This week we will be studying probability. Give an example describing where you see a probability concept used in your life. For example, a recent power ball drawing had people buying lottery tickets for the first time. What is the probability that you will actually win the power ball? Our textbook uses the example of setting a password and what requirements you must have to insure that the password is secure. Do you see probability at work in other ways...
What benefits of team building have you seen in your workplace? Or, what effects have you seen from the lack of team building
McDonaldization-so what? Give an example of McDonaldization in your own life that is not already listed here (and if relevant, upload a picture or share a link to content online). What do we gain by McDonaldization? What do we lose? McDonaldization-so what? Give an example of McDonaldization in your own life that is not already listed here (and if relevant, upload a picture or share a link to content online). What do we gain by McDonaldization? What do we lose?
Do you see the concepts of probability used in your workplace or even your home (quick answer - you sure do)? In 175 words, how do you see the concepts of probability being used?