All Other Things Being Equal, If a Selection Specialist Must

question 62

True/False

All other things being equal, if a selection specialist must decide between two predictors, the one that causes the least adverse impact would be the best choice.

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Definitions:

Profit Margin

A financial ratio, often expressed as a percentage, that compares a company's net income to its sales. It reveals how much profit a company makes for each dollar of its sales.

Sample Variances

The measure of spread within a sample dataset, calculated as the sum of squared deviations from the sample mean divided by the number of observations minus one.

Equal-variance T-test

A statistical method used to determine if there is a significant difference between the means of two groups which are assumed to have the same variance.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true.