THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 233

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An investment advisor recently reviewed the account activity of a sample of 10 of his clients and calculated the average number of stock trades per month over the past year for each client.He obtained the following data values: 10.2,2.5,11.4,3.2,1.1,3.4,8.4,9.7,11.2,and 2.4.
-Construct a relative frequency and percent distributions of the data.

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Definitions:

Goal-Setting Theory

A motivational theory that emphasizes the importance of setting specific, challenging goals to enhance performance and achieve desired outcomes.

Setting Goals

The act of defining specific, measurable, achievable, relevant, and time-bound objectives that guide actions and efforts.

Performance-contingent Basis

A system where rewards or consequences are applied based on the level of performance achieved, incentivizing certain behaviors or outcomes.

Under-reward Inequity

A perception among employees that their rewards do not match the effort and contributions they have made, leading to dissatisfaction.