Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. (a) an iq test was developed to test a prospective

(a) An IQ test was developed to test a prospective salesperson's ability to sell. Ten...

60.1K

Verified Solution

Question

Finance

image
(a) An IQ test was developed to test a prospective salesperson's ability to sell. Ten existing staff sat the test. Instead of putting achieved scores in the computer, the manager proceeded to rank the staff in ascending order in terms of the test as well as productivity. The ranked data are: Staff member Rank order in IQ test A B D E F G H 1 J 2 3 5 1 4 9 10 6 7 8 Rank order in productivity 1 2 3 4 5 6 7 8 9 10 Calculate the Spearman Rank Correlation coefficient to see if the IQ test is reasonable predictor of sales ability [10 marks] (b) Explain the meaning and importance of forecast control [10 marks]

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

A solution prepared by mixing 22.4 mL of 0.380 M NaCl and 22.4 mL of 0.380...

Medical Sciences
1.2K views

Questions 19-20 19. Which of the following factors INCREASES hemoglobin’s affinity for oxygen? [MARK ALL THAT APPLY] a....

Psychology
1.2K views

1. Can you understand the emotions of another person? Do you ever find your emotions challenging to...

Economics
1.2K views

Question 1: The boiler in the heating plant at arctic College is designed to burn either...

Basic Math
1.2K views

Use the given degree of confidence and sample data to find a confidence interval for the...

Biology
1.2K views

Use Figure 1 to answer questions 3 and 4 C Step 2 Figure 1 DNA...

Biology
1.2K views

4 Which of the following does NOT tend to promote speciation O gene flow O...

Physics
1.2K views

Two point charges q and 4q are separated by a distance of 6a Find the...

Calculus
1.2K views

Two children are throwing a ball back and forth straight across the back seat of...

Accounting
1.2K views

3. Suppose the covariance between Y and X is 15, the variance of Y is...

Accounting
1.2K views

Based on the lesson, I have realized that market structures

Finance
1.2K views

Assume that you have been hired as a consultant by CGT, a major producer of...