Wayne Is Developing a New Assessment Instrument, Called HOPE, Designed

question 47

Essay

Wayne is developing a new assessment instrument, called HOPE, designed to measure peoples' degree of optimism. He will standardize the test with a mean of 75 and a standard deviation of 8. As a preliminary measure, Wayne administers the HOPE scale to a group of volunteers. The mean for the group was 110 and the standard deviation was 6. The scores for two of the volunteers are below.
a. Rylee scored 107. What was her HOPE score?
b. Haru scored 115. What was his HOPE score?

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Definitions:

Utilizes Assets

The process of efficiently using company resources or assets to generate revenue or achieve strategic objectives.

External Financing

It refers to the funds a business obtains from outside sources, such as bank loans, venture capital, or issuing bonds or equity, to finance its operations or expansion.

Sales Increase

The situation where a company experiences growth in its revenue from the sale of goods or services over a specific period.

Percentage Of Sales

A financial ratio that compares a particular figure or metric to the total sales of a company.