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Quality during Design Newsletter

Simplifying Probabilities for Better Decision Making


Hi Reader, When was the last time someone asked you to assign a probability? This skill may be more important than you think. You'll need to use it to justify changes, get approval on capital equipment, make trade-off decisions, or perform risk analyses. It may be masked in terms like likelihood or occurrence. Sometimes it's easy to assess, especially if we're familiar with the event or have some data to refer to. Other times, we can feel stuck. Whenever I feel stuck, I do this: break it down...
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