Asked by Keely Messer on Jul 19, 2024
Verified
You are given the following four pieces of information about a training program: training will have an impact on performance for two years; 10 employees will be trained; the standard deviation of untrained employees in dollars is 100; and it costs $50 to train one employee. What must be the effect size so as to allow the program to break even?
A) 50
B) 25
C) .25
D) 1.25
Effect Size
A quantitative measure of the magnitude of the experimental effect, indicating the difference between two groups' means relative to the standard deviation of the scores.
Break Even
The point at which total costs and total revenue are equal, resulting in no net loss or gain.
Standard Deviation
Standard deviation is a statistical measure that quantifies the amount of variance or dispersion of a set of data values from the mean.
- Comprehend the strategies for evaluating the usefulness and impact of training initiatives on performance.
Verified Answer
PM
Pavithra MadhaviJul 24, 2024
Final Answer :
C
Explanation :
To break even, the cost of training 10 employees ($500) must be equal to the increased performance resulting from training. The effect size is defined as the difference in performance between trained and untrained employees, divided by the standard deviation of untrained employees. Let x be the effect size:
$500 = 10 * $50
$500 = 10 * x * $100
x = .25
$500 = 10 * $50
$500 = 10 * x * $100
x = .25
Learning Objectives
- Comprehend the strategies for evaluating the usefulness and impact of training initiatives on performance.