On "Traveling"
By Adel J. Helou"Traveling" has become easier and affordable for more and more people in last few decades. It has become one of the activities people are embracing throughout the year, and especially in summer.
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The World of Statistics and Probability (1)
By Dr. Magdi Abadir, PhDArticle 23: An introduction to Probabilities (9)
9. Bayes’ theorem
Consider the following situation:
A company produces machine components which pass through automatic testing. 5% of the components entering the testing machine are defective. However, the machine is not entirely reliable. If a component is defective there is 4% probability that it will not be rejected. If a component is not defective there is 7% probability that it will be rejected.
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Jan 2026
» Visit optimanage.com, our electronic magazine published twice a year, once in January and once in July.More »
Quotations on Teamwork
Collected by: "Optimanage.com" Team"Alone we can do so little; together we can do so much.
"Helen Keller
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Add To What You Know (1)
Prepared by: "Optimanage.com" TeamNew Trends in Management
Structural Change:
The term is used to describe the change in activity of a company. As an example; changing the activity from manufacturing to information processing.
Motivation
The Five Levels of Needs for Individuals Motivation Are:
1) Physiological
2) Safety
3) Social
4) Esteem/Ego
5) Self-Actualization
The above needs were identified by Abraham H. Maslow.
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