The Preventable Monthly Loss at a Company Has a Normal

question 116

Multiple Choice

The preventable monthly loss at a company has a normal distribution with a mean of $4700 and a standard deviation of $40. A new policy was put into place, and the preventable loss the next month was $4460. What inference can you make about the new policy?

• A) Because the probability that the monthly loss would be as low as $4460 is small, the new policy is working.
• B) Because the probability that the monthly loss would be as low as $4460 is not very small, the new policy is not working.
• C) While the probability that the monthly loss would be as low as $4460 is small, it is not unexpected.
• D) The new policy is probably less effective than the one it replaced.

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Definitions:

Self-Report Inventories

Psychological assessment tools in which individuals provide subjective responses to questions about their own behaviors, thoughts, and feelings.

Orientation of Locus

The focus or positioning of control believed by a person to reside either internally within themselves or externally in the environment.

College Students

Individuals enrolled in a college or university program, who are often subject to unique social, academic, and developmental experiences.

Internal

Relating to or situated on the inside; internal processes or factors occur within an entity or organization.