An Industrial Psychologist Has Determined That the Average Percent Score $P = \frac { 100 } { 1 + 24 e ^ { - 0.15 t } }$

question 1

Multiple Choice

An industrial psychologist has determined that the average percent score for an employee on a test of the employee's knowledge of the company's product is given by $P = \frac { 100 } { 1 + 24 e ^ { - 0.15 t } }$ where t is the number of weeks on the job and P is the percent score. Estimate (to the nearest week) the expected number of weeks of employment that are necessary for an employee to earn a 85% score on the test.

• A)38 weeks
• B)37 weeks
• C)42 weeks
• D)60 weeks
• E)33 weeks

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Definitions:

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment timelines, interest rates, and penalties for late payments.

Net 30

A trade credit term indicating that payment in full is expected within 30 days after the invoice date or goods are received.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Preferred Stock

Equity shares that give investors a claim on a company's earnings before dividends are paid to common stockholders, often with no voting rights.