Refer to the Following Hypothetical Transitional Matrix for an Auto

question 16

Multiple Choice

Refer to the following hypothetical transitional matrix for an auto parts manufacturer. How many of the total assistant managers employed in 2001 were promoted to the managerial position in 2004?

• A)95%
• B)8%
• C)5%
• D)87%
• E)83%

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Definitions:

Median

In an arranged sequence of values, the median is the number situated in the middle, thus separating the collection of numbers into two segments.

StdDev

Short for Standard Deviation, it measures the amount of variance or dispersion in a set of values.

Median

A value that divides a dataset into two equal halves, representing the middle value when the data set is ordered.

StdDev

A measurement that quantifies the amount of variation or dispersion in a set of data values, same as Standard Deviation.