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Reverse Logistics in Lifecycle Management

Decision-Making with Probability

Decision-Making with Probability

The first five sections of Chapter 5 focus on probability concepts, and the remaining sections deal with methods of counting votes, and methods of apportionment.

You have your choice this week of responding to one of two prompts. Please reply to only one of the prompts

For each case, consider a situation in your personal life in which you had to make a decision and used one of the topics for the week to make the decision. Please make this a real life situation and NOT a generic or fictitious example 

Decision-Making with Probability

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APA

Decision-Making with Probability

Choice 1

The situation involves probability and you used probability to help guide your decision. Make sure you are discussing a decision.

In reference to that situation, answer the following:

  1. Describe the situation including what decision needed to be made. 
  2. How did probability affect the situation?  How did you use probability to understand the situation?
  3. How would the probability be computed?
  4. What was the decision that was made? What was the outcome?

Choice 2

The situation involved selecting an action through a voting process. (This should NOT be a situation in which you were electing a person to a job)

In reference to that situation, answer the following,

  1. Describe the situation including the decision that was being voted on. Be specific – If this has to do with a business, name the business if you are allowed to and provide other relevant details.
  2. What were the options? Again, be specific.
  3. Which decision method was used? (Plurality, Majority, Ranked Choice, Borda Count, or some other method) 
  4. Why was that particular decision method used? You can discuss how the votes were submitted and tallied, but the most important issue is why did you use the method you used. Is there any thing that you might modify if you faced the same situation?
Response Requirements
  • By Thursday, respond to the prompt above in a minimum of 175 and a maximum of 250 words.

!! https://www.screencast.com/t/OnG2kIMhsFj !! WEEK 5 VIDEO