Pearson eText Business Statistics: First Course -- Instant Access (Pearson+)
8th Edition
ISBN: 9780136880974
Author: David Levine, David Stephan
Publisher: PEARSON+
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The Society for Human Resource Management (SHRM) collaborated with Globoforce on a series of organizational surveys with the goal of identifying challenges that HR leaders face and what strategies help them conquer those challenges. A 2016 survey indicates that employee retention/turnover (46%) and employee engagement (36%) were cited as the most important organizational challenges currently faced by HR professionals. One strategy that may have an impact on employee retention, turnover, and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or more employees, SHRM and Globoforce showed that 326 (77%) of the 423 small organizations have employee retention programs as compared to 167 (87%) of the 192 large organizations
a. At the 0.01 level of significance, is there evidence of a signif-icant difference between organizations with 500 to 2,499 em-ployees and organizations…
The Society for Human Resource Management (SHRM) collaborated with Globoforce on a series of organizational surveys with the goal of identifying challenges that HR leaders face and what strategies help them conquer those challenges. A 2016 survey indicates that employee retention/turnover (46%) and employee engagement (36%) were cited as the most important organizational challenges currently faced by HR professionals. One strategy that may have an impact on employee retention, turnover, and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or more employees, SHRM and Globoforce showed that 326 (77%) of the 423 small organizations have employee retention programs as compared to 167 (87%) of the 192 large organizations
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Many research studies have been conducted to examine how different organizations are on implementing knowledge management processes. For example, studies have proved that larger firms have more resources to utilize, and so they have taken more efforts to implement knowledge management processes.
The Journal of Business Research (Aug. 2014) published a study discussing the relationship between knowledge management processes and organizational performance. The table below shows the percentage of different size of firms participated in the study. These firms have been classified in terms of number of employees working.
Need step-by-step procedure to answer each question.
Randomly select one of the participated company from this study. Let x be the number of employees working in the company. Write the probability distribution of this x.
What is the probability that the selected company employs more than 50 employees?
Find E(x) and σ. Interpret the result.
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