Asked by Katherine Murza on Sep 29, 2024
The utility of a training program equals (T)(N)(td) × [(SDy - (N)(C)].
Utility
The total satisfaction received from consuming a good or service, often considered in economic and decision-making contexts.
SDy
A statistical measure in utility theory that estimates the difference in performance between an average and top performer in dollar terms, often used in human resources analytics.
- Calculate training program utility and interpret its implications for decision making.
Learning Objectives
- Calculate training program utility and interpret its implications for decision making.