Interpreting Quantitative Data
Your Company Has Surveyed Employees to Determine

question 10

Essay

Interpreting Quantitative Data
Your company has surveyed employees to determine their interest in learning about financial planning. Based on the responses, the company will develop training for employees who are interested. The table shows the total employee responses, using the raw data and percentages. The results of this survey will be reported to the director of Human Resources and used to develop a financial planning training seminar for employees.
$\begin{array}{lcc}\text { Personal Development Need } & \text { Number } & \text { Percentage } \\ \text { Retirement Annuity } & 128 & 32 \\ \text { Traditional and Roth IRA } & 104 & 26 \\ \text { Mutual Funds } & 80 & 20 \\ \text { Internet Stock Trading } & 52 & 13 \\ \text { Effective Charitable Giving } & 36 & 9\end{array}$ Required:
Write an analysis of this data that explains the results of the survey. This analysis will appear in the written report to the director of Human Resources.

Define and distinguish between cumulative distribution functions, probability mass functions, and probability density functions.

Use standardized z-values to find probability.

Understand joint and marginal probability distributions for discrete random variables.

Recognize properties of specific probability distributions, such as uniform and normal distributions.

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Definitions:

Role Congruity Theory

A theory suggesting that individuals are perceived more favorably when their behaviors are congruent with the roles traditionally associated with their social groups.

Underrepresentation

The inadequate or disproportionately low representation of a particular group or category within a certain context or field.

Dysfunctional

Having a negative effect on the functioning of a system, organization, or relationship, often preventing it from operating in a normal or effective way.

Implicit Leadership Theory

The concept that people have preconceived notions and expectations about the traits, behaviors, and qualities that make an effective leader.