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TABLE 12-10
One criterion used to evaluate employees in the assembly section of a large factory is the number of defective pieces per 1,000 parts produced.The quality control department wants to find out whether there is a relationship between years of experience and defect rate.Since the job is repetitious,after the initial training period any improvement due to a learning effect might be offset by a loss of motivation.A defect rate is calculated for each worker in a yearly evaluation.The results for 100 workers are given in the table below.
-Referring to Table 12-10,for the cell with 1 to 4 years of training time and a high defect rate,what is the contribution to the overall χ2 statistic for the independence test?
Satisfaction
The feeling of pleasure or fulfillment arising from achieving or obtaining what was desired or expected.
Status Quo Bias
Status quo bias is the tendency to prefer things to remain the same or to prefer options that are perceived as the current or default state.
Certainty Effect
The tendency for people to favor options that are certain over those that are probable, even when the probable options may result in a better outcome.
Risk Aversion
Risk Aversion is the tendency to avoid or minimize risks, reflecting a preference for certainty or safer options when making decisions under conditions of uncertainty.
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