The distribution of salaries of professional basketball players is skewed to the right. Which
measure of central tendency would be the best measure to determine the location of the center of
the distribution?
A) mean B) median C) mode D) range
B
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In general, HR departments should be able to improve their performance through some combination of greater efficiency and greater effectiveness. In this context, greater effectiveness means that
A. the rate of employee turnover is considerably high. B. the HR personnel use fewer and less-costly resources to perform its functions. C. the average employee compensation in the organization is well above the prevailing market rate. D. what the HR department does has a more beneficial effect on employees' and the organization's performance. E. there is a relatively narrow gap between the highest and the lowest salaries paid in the organization.
Assume that an investment is forecasted to produce the following returns: a 20% probability of a
12% return; a 50% probability of a 16% return; and a 30% probability of a 19% return. What is the standard deviation of return for this investment? A) 5.89% B) 16.1% C) 15.7% D) 2.43%