Answer:
Beta distribution
Explanation:
Beta distribution In probability theory
is regarded as a part of continuous probability distributions with a defined interval which could be 0 and 1, and it is characterized with two positive parameters (α and β) which is seen as
as exponents of the random variable .
It should be noted that Beta distribution probability is commonly used to model the inherent variability of activity time estimates in project management
Answer:
<u>Expectancy theory</u>
Explanation:
Vroom's expectancy theory of motivation is based upon the fact that employees will be motivated to achieve their targets and goals only when they know, doing so would lead to prospect of earning rewards and incentives.
Vroom related employee performance with various factors such as their skills, demeanor, knowledge and personal experiences.
The rewards and incentives serve as a driving force to an employee's performance and efficiency.
Expectancy refers to a belief that increased performance and hard work leads to better efficiency.
An employee chooses from available set of alternatives with a purpose to maximize his/her pleasure and comfort undergoing minimum pain.
In the given case, the company rewards their top performing individuals by letting them devise their rewards so as to serve as means to employee motivation as well as those rewards being valued by them. The company uses expectancy theory of motivation.
Answer: <em><u>A statement of opinion </u></em>is the warranty that was associated with this contract.
Here, it is important to ponder upon the fact that <em><u>Sam decided to buy the painting for $15,000 on the condition that if he found that the painting was worth less than $15,000, Jasper would have to take the painting back and refund Sam. </u></em>
This indeed makes Sam's purchase validated with a warranty that is known as a statement of opinion. Although , it should be duly noted that the opinion does not make significant impact on the purchase.