A Mid-Sized Company Has Decided to Implement an Enterprise Resource

question 17

Multiple Choice

A mid-sized company has decided to implement an enterprise resource planning (ERP) system, and management suspects that many of its employees are concerned about the
Planned implementation. Managers are considering holding informational workshops to
Help decrease anxiety levels among employees. They randomly select 16 employees to
Participate in a pilot workshop. These employees were given a questionnaire to measure
Anxiety levels about ERP before and after participating in the workshop. At the 90%
Confidence level, what is the margin of error for the mean difference in anxiety levels pre- and post-workshop? $$\begin{array} { | l | c | c | c | c | c | c | c | c | c | c | c | c | c | c | c | c | } \hline \begin{array} { l } \text { Pre-workshop } \\\text { anxiety level }\end{array} & 7 & 6 & 9 & 5 & 6 & 7 & 5 & 7 & 6 & 4 & 3 & 2 & 1 & 3 & 4 & 2 \\\hline \begin{array} { l } \text { Post-workshop } \\\text { anxiety level }\end{array} & 4 & 3 & 7 & 3 & 4 & 5 & 4 & 6 & 5 & 3 & 2 & 2 & 1 & 3 & 4 & 3 \\\hline \begin{array} { l } \text { Difference } \\\text { (Post - Pre) }\end{array} & - 3 & - 3 & - 2 & - 2 & - 2 & - 2 & - 1 & - 1 & - 1 & - 1 & - 1 & 0 & 0 & 0 & 0 & 1 \\\hline\end{array}$$

• A) 1.753
• B) 1.147
• C) 0.287
• D) 0.503
• E) 2.010

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Definitions:

EMV

Expected Monetary Value; a decision-making tool used in risk management to calculate the average outcome of future events.

Perfect Information

Refers to a situation where all relevant data and outcomes are fully known to all parties involved.

Expected Value

The weighted average of all possible outcomes of a random variable, considering the probabilities of each outcome.

Decision Table

A tool used in both computing and decision analysis, indicating actions to be taken based on various conditions.