A Manufacturer Who Is Considering the Implementation of a One-Week

question 68

Multiple Choice

A manufacturer who is considering the implementation of a one-week training program for all new employees decides to test the program with the next 100 employees hired, and then compare their productivity rate to the productivity rate of new employees based on past records—a rate that is normally distributed with a mean of 60 and a standard deviation of 8. The new program needs to produce a minimum improvement of 4 to be considered worthwhile.
-What is the predicted mean of the experimental distribution?

• A)52
• B)60
• C)64
• D)100

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Definitions:

Private Consumption

The totality of goods and services consumed by private individuals, as opposed to those consumed by the government or businesses.

Marginal Products

The additional output that is produced by adding one more unit of a specific input, holding all other inputs constant.

Separating Equilibrium

An outcome in a signaling game where different types of senders choose different signals, leading to a situation where the receiver can perfectly infer the sender's type based on the signal received.

Low-productivity Workers

Employees who produce less output than the average worker within a certain period.