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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A political and economic union of 27 member states that are located primarily in Europe, which aims to ensure the free movement of people, goods, services, and capital.