The Concepts and Principles of OB Are Important to Managers

question 29

True/False

The concepts and principles of OB are important to managers because in every organization human being ultimately make the decision that controls how the organization will acquire and use resources.

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Definitions:

Population Average

The mean value or average of all the values in a population.

Observed Z Value

A statistic measured in a dataset to determine how many standard deviations an element is from the mean.

Sample Mean

The average value of a sample set of numbers, calculated by summing all observations and dividing by the number of observations.

Population Average

The mean of a particular characteristic (e.g., age, income) of all the individuals or elements in a defined population.