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Title: Drawing the right conclusions
Related: International journal of business research, Vol. 10, Issue 6 (2010), p.151-155
Publisher: Academy of International Business and Economics
Date: 2010
FoR/RFCD Code(s): 150300 Business and Management
Author/Creator: Croucher, John S
Description: The theory of probability is widely misunderstood by many people so it comes as no surprise that it also poses a real challenge to both legal practitioners and those in business. In law, this has led to erroneous conclusions ‘based on the evidence’ that have become known as a variety of ‘fallacies’, including those of both the prosecutor and defence. Whether or not the underlying mathematics is fully understood, it is essential that practitioners can correctly interpret the information provided by witnesses to any event, expert or otherwise. This article also examines the likelihood that a statement made by a witness is actually true from a statistical point of view.
Description: 5 page(s)
Subject Keyword: 150300 Business and Management
Subject Keyword: statistics
Subject Keyword: probability
Subject Keyword: Bayes Theorem
Subject Keyword: DNA profiling
Subject Keyword: evidence
Resource Type: journal article
Organisation: Macquarie University. Macquarie Graduate School of Management

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