1. Use the Taylor-Russel tables (see Appendix A) to solve these problems by filling in the following table:
2. Use the Naylor-Shine tables (see Appendix B) to solve these problems by filling in the following tables
3. Using the Brogden-Cronbach-Gleser continuous-variable utility model, what is the net gain over random selection (AU overall and per selectee), given the following information?
Quota for selection 20
SR: 0.20 SD, (standard deviation of job performance expressed in dollars): $30,000
rxy: 0.25
Cy: $35
Hint: To find N, the number recruited, divide the quota for selection by the SR. Given the following information on two selection procedures, and using the Brogden-Cronbach-Gleser model, what is the relative difference in payoff (ovel and per selectee) between the two procedures for both procedures, quota 50, SR=0.50, and SD - $45,000
You are management consultant whose task is to do a utility analysis using the following information regarding secretaries at Inko, Inc. The validity of the Secretarial Aptitude Test (SAT) is 0.40, applicants must score 70 or better to be hired, and only about half of those who apply actually are hired. Of those hired, about half are considered satisfactory by their bosses. How selective should Inko be to upgrade the average criterion score of those selected by Z-0.5? What utility model did you use to solve the problem? Why?
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