What Is the Estimate for Utility Given the Following Information

question 24

Multiple Choice

What is the estimate for utility given the following information? Training has a continued effect on performance for 3 years; the number of people trained is 100; the true difference in job performance between the average trained and untrained employee in standard deviation units is 1.5; the standard deviation of job performance is $50; and the cost of training each employee is $100.

• A) $10,000
• B) $12,500
• C) $22,500
• D) $52,500

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Definitions:

Restroom

A room containing toilets and sinks for the public, employees, or guests to use.

Checking Account

A bank account that allows the account holder to make deposits, withdrawals, and write checks against available funds.

National Guard

A reserve military force composed of state National Guard militia members or units under federally recognized active or inactive armed force service.

Livestock

Domesticated animals raised in an agricultural setting to produce commodities such as food, fiber, and labor.