Examlex
Normally distributed observations such as a person's weight, height, or shoe size occur quite frequently in nature. Business people who are aware of this use it to their advantage. A purchasing agent for a large retailer buying 15,000 pairs of women's shoes used the normal curve to decide on the order quantities for the various sizes. If women's average shoe size is 7.5 with a standard deviation of 1.5, how many pairs should be ordered between sizes 6.5 and 9?
Productivity
The efficiency at which goods or services are produced, typically measured by the output per unit of input.
Least Preferred Coworker
A measure used in Fiedler's contingency model to identify an individual's leadership style by assessing their feelings towards the least liked coworker.
Fiedler
Refers to Fiedler's contingency model of leadership, which suggests that the effectiveness of a leader depends on both the situation and their leadership style.
Scale
The size or level of something, often used in reference to the scope of a business operation or in measurement of phenomena.
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