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A Performance Appraisal Is an Evaluation in Which the Performance

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A performance appraisal is an evaluation in which the performance level of employees is measured against established standards to make decisions about promotions, compensation, additional training, or firing.


Definitions:

Sample Data

Data collected or selected from a larger population, used in statistical analysis to make inferences about the population.

Variance

A statistical measurement of the spread between numbers in a dataset, indicating how much they differ from the mean of the set.

Population

The entire group of individuals or instances about whom we wish to make conclusions in a statistical study.

Standard Deviation

A statistical index that signifies the distribution of data points around the mean of a dataset.

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