Many Firms Use On-The-Job Training to Teach Their Employees Computer

question 110

Multiple Choice

Many firms use on-the-job training to teach their employees computer programming. Suppose you work in the personnel department of a firm that just finished training a group of its employees to program, and you have been requested to review the performance of one of the trainees on the final test that was given to all trainees. The mean and standard deviation of the test scores are 79 and 2, respectively, and the distribution of scores is mound-shaped and symmetric. What percentage of test-takers scored better than a trainee who scored 73?

• A) approximately 100%
• B) approximately 84%
• C) approximately 95%
• D) approximately 97.5%

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Definitions:

Compounded Quarterly

The process of calculating interest on a principal amount at a specified interest rate, with the interest being added to the principal at the end of every three months.

End-Of-Quarter Payments

Payments that are made at the end of each quarter, typically in a financial or leasing agreement.

Monthly Payments

Regular payments made once a month, commonly in the context of loans, rent, or other agreements.

Present Value

The present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.