Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have the questions attached for review and it has three questions associated :) Question 1 (The equation for this question is below) f1. Jane

I have the questions attached for review and it has three questions associated :)

Question 1 (The equation for this question is below)

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
\f1. Jane Burns, an HR analyst for Standard City, USA, knows that SD for firefighters in her city is $31,000. The fire department has asked the city to provide training in team building for 500 of its employees, at a cost of $3,500 per employee. The effects of this organization-development effort are expected to last for two years. Using\f368 Investing in People Where: AU = the monetary gain resulting from the program N = the number of employees trained T= the expected duration of the beneficial effects in the trained group d = the difference in job performance between the trained and untrained groups in SD units SD = the standard deviation of dollar-valued job performance among untrained employees C = the total cost of training N employees2. Suppose, in Exercise 1, that you have just read a meta-analysis of team-building studies and know that the cumulated estimate of d is 0.45. Compute an expected util- ity for the program and compare it to the break-even value you identified earlier. How might this affect the chances that the project will be funded? 3. With regard to Exercise 2, suppose that the discount rate is 10 percent, and variable costs are -0.10. The city is not taxed. How do these factors affect the estimate of expected utility that you developed in Exercise 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Proofs And Fundamentals A First Course In Abstract Mathematics

Authors: Ethan D Bloch

2nd Edition

1441971270, 9781441971272

More Books

Students also viewed these Mathematics questions