Full Question:
Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion
A) The statistical significance of the correlation was found to be sixty percent.
B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.
C) The sample size used by Edwin was significantly larger than what was required.
D) Multiple regressions were observed among the variables used for the analysis.
Answer:
The correct answer here is A)
Explanation:
The key to decision making using statistical research is <em>Statistical Significance. </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.
Cheers!
Answer:
more wealthy, so the quantity of goods and services demanded rises.
Explanation:
If price level falls, the same basket of goods and services purchased by consumers would cost less. Consumers feel more wealthy and the quantity demanded of goods and services increases .
For example, if I spend $100 on clothes and the price of clothes falls to $50, I would buy clothes for $50 and still have extra $50. I can use the $50 to buy more clothes.
I hope my answer helps you.
Answer:
Marketing informs your customers about the products or services you're offering them. Through marketing, the customers get to know about the value of the products, their usage and additional info that might be helpful to the customers. It creates brand awareness and makes the business stand out.
Explanation:
You first need to find out how much usable floor space you will have.
You have 2500 feet of total space, but 30% of the space is unusable because the aisle. So you would multiply 2500 X 70%
Then you would need to figure out how many categories you can have so you would take the number of usable feet you just calculated divided by 125 (the amount of square feet each product category requires.)
Answer:
Less government spending will make the currency value of the small country to fall compared to other currencies, because less government spending means less printing of money, and a slower growth of the money means less inflation, and a cheaper currency.
This will make the exports of the small open economy attractive, leading to an increase in this component of aggregate demand. Such scenario will result in a rise of real income in the short run.
