A Coach Uses a New Technique in Training Middle Distance

question 33

Essay

A coach uses a new technique in training middle distance runners. The times, in seconds, for 8
different athletes to run 800 meters before and after this training are shown below. $$\begin{array} { r | c c c c c c c c } \text { Athlete } & \mathbf { A } & \mathbf { B } & \mathbf { C } & \mathbf { D } & \mathbf { E } & \mathbf { F } & \mathbf { G } & \mathbf { H } \\\hline \text { Before } & 115.2 & 114 & 116.4 & 119.8 & 110.9 & 112.4 & 111.5 & 117.3 \\\hline \text { After } & 112.9 & 112.7 & 114 & 120.6 & 109.1 & 109.1 & 107.9 & 113.4\end{array}$$ Does the conclusion that the technique is effective appear to be supported with statistical
significance? Does the conclusion that the technique is effective appear to have practical
significance?

Understand the relationship between pay systems and individual or group productivity.

Analyze the effectiveness of different pay systems (such as piece rate, variable pay, and merit pay) on worker productivity and cooperation.

Recognize the impact of financial incentives and pay-for-performance on employee turnover and performance.

Identify the misconceptions about pay as a motivator among employees and managers.

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Definitions:

Money Market Securities

Short-term financial instruments with high liquidity and minimal risk, such as Treasury bills and certificates of deposit.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting its overall value.

Open-End Funds

Mutual funds that continuously issue new shares or redeem existing shares and do not have a fixed number of shares available for the public.

NAV

Net asset value, calculated as the total value of a fund's assets minus its liabilities, usually applied to mutual funds.