Which of the Following Is a Responsibility of the Federal

question 46

Multiple Choice

Which of the following is a responsibility of the Federal Mediation and Conciliation Services' Office of Arbitration Services?

• A) investigating details of a dispute and based on that, selecting a suitable arbitrator for the dispute
• B) maintaining a roster of arbitrators qualified to hear and decide labor questions in labor-management disputes
• C) evaluating the merits of the underlying grievances submitted for arbitration
• D) determining the accuracy of the decision given by the arbitrator and then approving the decision so that it becomes binding on both the parties

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Definitions:

Normally Distributed

Describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Probability

A measure of the likelihood of occurrence of a particular event or outcome, often expressed as a number between 0 and 1.

NORM.DIST

A function in various statistical software that returns the normal distribution for a specified mean and standard deviation.

Standard Error

Standard error is a statistical measure that estimates the accuracy with which a sample distribution represents a population by using standard deviation.