Question: Given the following information on two selection procedures, and using the Brogden-Cronbach-Gleser model, what is the relative difference in payoff (overall and per selectee) between

  1. Given the following information on two selection procedures, and using the Brogden-Cronbach-Gleser model, what is the relative difference in payoff (overall and per selectee) between the two procedures? For both procedures, quota = 50, SR = 0.50, and SDy = $45,000.

ry1: 0.20 c1: $200

ry2: 0.40 c2: $700

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