Statisticians distinguish between two types of errors

Assignment Help Operation Management
Reference no: EM132190515

AVP, selection systems can never be 100% valid. Some degree of error in assessment will always enter into every system. Statisticians distinguish between two types of errors. Alpha or Type I error (also known as a “false positive”) means making a job offer to someone whom your selection system tells you will be a great productive employee, only to find out later that he/she is not what you expected. Call this “taking some bad with the good.” Beta or Type II error (also known as a “false negative”) means NOT making a job offer to someone whom your selection system shows you SHOULDN’T hire, only to find out later that he/she would have been a great employee. Call this “losing some good with the bad.”

Provide an example of a selection situation where you would rather make an alpha error and an example of a different situation where you would rather make a beta error. Elaborate on why you would rather err in these different ways. What internal and external factors would lead you to be more willing to lean toward one or the other type of error?

Reference no: EM132190515

Questions Cloud

Discuss how the policies can be obtained : Present an insurance coverage plan in writing (not insurance quote/certificate) for your small business.
Develop an application that could be utilized by employees : Let's start to develop an application that could be utilized by employees (and maybe eventually customers) of a sandwich restaurant which we'll refer.
Resources in providing impetus for organizational change : Write a 3-5 page paper that describes the role of resources in providing the impetus for organizational change?
Why does adding value to the firm and creating returns : You may take on a project for its business, knowing that the project is a losing proposition but will compensate for this loss by bringing in a new project.
Statisticians distinguish between two types of errors : Some degree of error in assessment will always enter into every system. Statisticians distinguish between two types of errors
Discuss critical features of speciation : What are the traps/pitfalls a company might encounter with emerging technology. How can we avoid these? (1.5 pages)
Absolute deviation for both bob and sherry methods : Complete the table's columns and then calculate the mean absolute deviation for both Bob's and Sherry's methods.
Write a substantive response to the material : By the end of the week, select two of your classmates' postings and write a substantive response to the material they have presented.
Explain the data models for each technology : Research Web SQL Database, Indexed Database, and File Access, and write a 3-page paper explaining how each can be used. In your paper, provide examples of data.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd