The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high of 5 (very satisfied). Excel File: data05-21.xlsx Probability Job Satisfaction IS Senior IS Middle Score Executives Managers 0.05 0.04 0.09 0.10 0.03 0.12 0.42 0.46 0.41 0.28 a. What is the expected value of the job satisfaction score for senior executives (to 2 decimals)? b. What is the expected value of the job satisfaction score for middle managers (to 2 decimals)? c. Compute the variance of job satisfaction scores for executives and middle managers 2 decimals). Executives Middle managers d. Compute the standard deviation of job satisfaction scores for both probability distributions (to 2 decimals). Executives Middle managers e. What comparison can you make about the job satisfaction of senior executives and middle managers? - Select your answer

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The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high of 5 (very satisfied).
Excel File: data05-21.xlsx
Probability
Job Satisfaction
IS Senior
IS Middle
Score
Executives
Managers
1
0.05
0.04
2
0.09
0.10
0.03
0.12
4
0.42
0.46
5
0.41
0.28
a. What is the expected value of the job satisfaction score for senior executives (to 2 decimals)?
b. What is the expected value of the job satisfaction score for middle managers (to 2 decimals)?
c. Compute the variance of job satisfaction scores for executives and middle managers (to 2 decimals).
Executives
Middle managers
d. Compute the standard deviation of job satisfaction scores for both probability distributions (to 2 decimals).
Executives
Middle managers
e. What comparison can you make about the job satisfaction of senior executives and middle managers?
- Select your answer -
Transcribed Image Text:The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high of 5 (very satisfied). Excel File: data05-21.xlsx Probability Job Satisfaction IS Senior IS Middle Score Executives Managers 1 0.05 0.04 2 0.09 0.10 0.03 0.12 4 0.42 0.46 5 0.41 0.28 a. What is the expected value of the job satisfaction score for senior executives (to 2 decimals)? b. What is the expected value of the job satisfaction score for middle managers (to 2 decimals)? c. Compute the variance of job satisfaction scores for executives and middle managers (to 2 decimals). Executives Middle managers d. Compute the standard deviation of job satisfaction scores for both probability distributions (to 2 decimals). Executives Middle managers e. What comparison can you make about the job satisfaction of senior executives and middle managers? - Select your answer -
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