Define Capabilities and Briefly Describe the Two Types of Capabilities

question 38

Essay

Define capabilities and briefly describe the two types of capabilities.

Understand the components and steps involved in designing a training program.

Identify and articulate well-written training objectives.

Assess the factors influencing purchase decisions for training programs.

Recognize the significance and allocation of learning and development expenditures.

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Definitions:

Point Estimate

A single value given as the best guess or estimate of a population parameter based on sample data.

Interval Estimate

An interval estimate is a range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Population Parameter

A numerical value summarizing the entire population that can often be estimated by a statistic derived from a sample.

Margin of Error

The maximum expected difference between the true population parameter and a sample estimate of that parameter.