A Performance Appraisal System in Which Managers Are Evaluated by Everyone

question 24

Short Answer

A performance appraisal system in which managers are evaluated by everyone around them ⎯ their boss, their peers, and their subordinates ⎯ is called ____________________.

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Definitions:

Expected Value

The anticipated value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Variance

An indicator of the distance between values in a dataset, reflecting how much each value deviates from the average.

Random Variable

An entity whose outcomes are numerical and stem from a random process.

Discrete Random Variable

A discrete random variable is one that takes on countable values, often resulting from outcomes of a statistical experiment.