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Discuss the utility of statistics as a managerial tool Also describe its limitations?

The limitation of any statistical application is the fact that it always depends on some sampling. If this sampling is incomplete, or not representative of your actual base (say customers), your data may not yield accurate conclusions. Additionally, since it depends on sampling, your measurement is only applicable to a base that fits the profile of your sampling. For instance, if you took your sampling from Caucasian males over age 35, and it turns out your customer base has a large number of African, American females under 23, your conclusions based on the statistics could be imperfect.


What is linear snowball sampling?

This is a non-random sampling technique where the initial respondents to a survey recruit others for a survey. Linear snowball sampling is when the first responent recruits one more person for the survey, who in turn recruits one more person for the survey. Number of people surveyed will increase in a linear manner. The related links provide good discussion of this form of surveying. It is a non-representative sample, but it is an effective means of surveying people with common traits who might otherwise be difficult to find. For example, I want a statistical profile of people that are "hackers" so every hacker I find, I would ask if I could interview his "fellow hackers." See related links.


How can you tell if someone has cheated on a profile xt test?

They nailed the match 100%


What do you means by risk matrix and risk profile?

risk matrix is a 2*2 table (high,low) or 3*3(high,medium,low) showing the impact of risk on vertical lines and showing probability of the event happening,giving rise to risk,on horizontal lines.in this way you can show your risks in a digram so more understandable in a grid...risk profile is the level of risk an organization is able to accept


Manipulation of the predictive index test?

The Predictive Index is not a test with a right or wrong answer. It is a survey of behaviors that results in a profile the describes the person. Companies often know what profile they are looking for in hiring or promotion and use it to compare candidates. The Predictive Index asks you to describe yourself. While it would be easy to answer the Predictive Index in a way that does not describe you (you could randomly answer it, for example), it would be very unlikely that you could answer it in a way that would artificially generate the hiring manager's desired pattern. Since studies show that those who do not match the desired pattern do poorly and tend to be less happy in the job, there is little reason to try to manipulate it. The bottom line is to take it honestly and, if you are right for the job, you'll probably get a shot at it. Florida companies can visit www.predictiveresults.com Other companies can visit www.PIworldwide.com

Related Questions

Differentiate surface sampling from profile sampling?

Surface sampling involves collecting samples from the top layer of a material, such as soil or sediment, to analyze its characteristics at that specific level. In contrast, profile sampling entails taking samples at various depths, creating a vertical profile that provides a more comprehensive view of the material's composition and variations throughout its layers. This differentiation is crucial for understanding spatial changes in properties, such as contamination or nutrient levels, across different depths.


Should you use snowball sampling you are trying to build up a demographic profile of the environmentally friendly consumer or should you use online surveys not all ages will be reached that way though?

When building up a demographic profile of the environmentally friendly consumer, you should use snowball sampling to ensure that all ages is represented.


Can a hardware profile can be chosen automatically by the system during bootup?

True, when the system fails to locate a profile that matches existing hardware and the defined timeout period expires, the default hardware profile is used.


What is the population profile of a developing country such as Iraq?

pyramid


How can I apply for John Deere jobs ?

In order to apply for a John Deere job it is necessary to create an online profile at www.deere.com. You will then be contacted by the employment team if this profile matches an available job opportunity.


Discuss the utility of statistics as a managerial tool Also describe its limitations?

The limitation of any statistical application is the fact that it always depends on some sampling. If this sampling is incomplete, or not representative of your actual base (say customers), your data may not yield accurate conclusions. Additionally, since it depends on sampling, your measurement is only applicable to a base that fits the profile of your sampling. For instance, if you took your sampling from Caucasian males over age 35, and it turns out your customer base has a large number of African, American females under 23, your conclusions based on the statistics could be imperfect.


What service does the Book of Matches website offer?

The Book of Matches website offers an online dating service to its members. The website is free and offers an email feature as well as the ability for members to rate other members' profile pictures.


What is linear snowball sampling?

This is a non-random sampling technique where the initial respondents to a survey recruit others for a survey. Linear snowball sampling is when the first responent recruits one more person for the survey, who in turn recruits one more person for the survey. Number of people surveyed will increase in a linear manner. The related links provide good discussion of this form of surveying. It is a non-representative sample, but it is an effective means of surveying people with common traits who might otherwise be difficult to find. For example, I want a statistical profile of people that are "hackers" so every hacker I find, I would ask if I could interview his "fellow hackers." See related links.


What is DNA profile?

DNA profiling is a technique employed by forensic scientists to assist in the identification of individuals on the basis of their respective DNA profiles.


What has the author Andreas Demmke written?

Andreas Demmke has written: 'Niue population profile based on 1997 census' -- subject(s): Population


Whats a good emo website for teens?

www.espinthebottle.com <--- at 1st i couldn't look for a emo to make friends with, but there is a daily match ( at the bottom of you profile will be people that are over 50% match and the match depends on what you and those other matches have wrote in their profile). Hope that helped. SHINACHX


Will the undertaker ever wrestle in a hell in a cell match again?

It is unknown whether `Taker will wrestle HIAC again. These matches are usually used in high profile matches such as The McMahons or World Title Matches. As the McMahons are on currently on RAW and `Taker is fighting for the US Title, it is unlikely that he will appear in a HIAC again. Although this is calculated guessing and is not to be taken, as anything can happen in the business.

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