When Tests Are Used to Make Decisions Regarding Personnel Selection,the

question 29

Multiple Choice

When tests are used to make decisions regarding personnel selection,the proportion of applicants who can be successful on the criterion is referred to as the:

• A)base rate.
• B)positive retention rate.
• C)negative retention rate.
• D)selection ratio.

Recognize and calculate the mean and standard deviation of the standard normal distribution.

Interpret z-scores within the context of standard normal distribution.

Identify the symmetrical properties of normal distributions.

Grasp the significance of different z-score values within the standard normal curve.

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Definitions:

ATC

Stands for Average Total Cost, which is the sum of all production costs divided by the quantity of output produced.

Short Run

A period in economics during which some factors of production are fixed, making it impossible for a business to change major production facilities.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Output

The cumulative output of goods and services from a company or an economic system.