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Case Stady: HIP-IT is multiple multiple-location "hipster" retail company, With 80 stores and a mean of 26 employees at each store, HIP-IT employs a total of 1600 employecs. The company recently implemented standardized employse and customer attitudes and outcome surveys. The resulting survey data enabled the company to conduct statistical analyses on the relationship between two employee prychological chancteristics (independent variables) of employee satisfaction and nurcisaism and outcomes (dependent variables) of job performance and organizational employee furnover. Analysts reviewed the survey data using stores as observations (i.e, sample size =200 ). The descriptive statintics are listed below, assuming a normal distribution for all variables, including MEANS and STANDARD DEVIATIONS. Additionally, statistically significant CORRELATIONS between independent and dependent variables were determined: Problem Sst Instructions: Answer the following four questions to help determine the "SO WHAT" of these results and bettir understand the relationship of employee psychological characteristics with customer satisfaction and employee tumover. Show all your work in answering all questions. 1. What is the estimated mean of IV= Eimployce Job Satistaction for an employce at the 50,75,25, and 7 percentiles? 2. What is the mean of IV=Employee Narciniem for a branch at the 50%,10%,90%, and 93 as percentiles? 3. Consider an employee currently at the 25,50,60, and 75 percentiles of IV = finployec fob Satiufuction. Then, sutimate the DV-Employeds Performance mean for each level. 4. Consider an employee currently at the 10,50, and 80 percentiles of 1V - Litoployee Norcinium. Then, extimate the DV-Employeds Performance mean for cach level. 5. Consider stores with average IV = Enployee Job Sutinfaction currently at the 40,50, and 90 percentiles. Estimate the store's current employee DV-Custorater Satifiaction. 6. Consider stores with averige IV= Emplay ee Nartianim currently at the 25,504, and 75 pereentiles. Next, estimate the ature's current DVincustorier Setiffaction. 7. Management wants to increase customer satisfuction by increasing Employee Job Satisfaction (a psychological variable). Based on fecommendations from sonsaliants, management decided to move Employce Job Satisfiction from 50 (current level) to the 60 percentile by paying cach employce a $1,000 Thank-You Bonus. Based on the correlation, inereased Einployec Sutisfaction in related to increased Cavlowier Sutiefaction. For each point increase in Cistomer Satisfation, sales increase by $0,000 per year per store. How much would wies increase if the entire onganization was able to increase Finployie Satisfiction from the soth (current number of atores for the entire arganization). Would you recommend the Thank-You Benus? Bcyond statistics, what other factors should be considered? Z-SCORE Cheat Sheet Here is the'standard Normal Distribution. Whi peicentages for every half of a standard deviation, and cumulative percentagest