The Manager of a Video Library Would Like the Variance

question 98

Multiple Choice

The manager of a video library would like the variance of the waiting times of the customers not to exceed 2.30 minutes-squared. He would like to add an additional billing counter if the variance exceeds the cut-off. He checks the recent sample data. For a random sample of 24 customer waiting times, he arrives at a sample variance of 3.8 minutes-squared. The manager assumes the waiting times to be normally distributed. At α = 0.05, which of the following is the critical value ?

• A) 13.091
• B) 32.007
• C) 35.172
• D) 38.076

Comprehend the impact of errors in estimating human capital supply and strategies to mitigate such errors.

Appreciate the importance of linear and non-linear programming in determining HR supply requirements under various assumptions.

Know the components included in management and skills inventories and their relevance to HR planning.

Grasp the principles of stochastic probability as it applies to individual movement behaviors within organizations.

---

Definitions:

Commitment

The act of dedicating oneself to a course of action or cause.

Collaboration

A process where two or more people or groups work together to achieve shared goals.

Breach Client Confidences

The unauthorized disclosure of confidential information shared by a client in a professional setting, undermining trust and ethical standards.

Written Permission

A formal authorization, documented in writing, allowing specific actions to be carried out or information to be disclosed.