1. Consider a hiring process that includes both the Employment Inventory and the Basic Skills Test; applicants who score above 384 on the Basic Skills Test and above 56 on the Employment Inventory Time 1 would be hired. With these two requirements, what would be the selection ratio? Does the value of the selection ratio suggest the company would be more selective or less selective if it adopted those requirements? Assume that a performance rating above 57 is viewed as above average performance (i.e., differentiates good from poor performance). What would be the hit rate for this two-requirement hiring process? Assume the current base rate for the job is 30%; is the hit rate high enough to suggest this hiring process will be valuable?