Questions (b) (d) in this section relate to the following set up. The \"State-Go

Question

Questions (b) (d) in this section relate to the following set up. The "State-Golden' ABN team is searching for a rookie basketball list includes two types of player. "State-Golden' short applicants: 1. Type A: College graduates; 2. Type B: High school graduates. The productivity as a basketball player of applicant i from group G (A, for college graduates or B high school graduates) equals to the group average plus the deviation of the mean i candidate from his group VG EGI VG is the average productivity of the G group members and stands the deviation of candidate i from his group mean. Let's further assume that Eoi is normally distributed with zero mean, that is: where a is the variance of productivity among the G group members (that is the variance of EG). It is well known in the sport industry that on average college graduates turn to be better basketball players than high school graduates, that is: VA VB. It is also well known that not all type A players are equally productive, that is a 0. This also holds for type B players, that is oit 0. While VA VB the dispersion of productivity within each group is the same, that is: This means that the following two bell-curves represent the distribution of productivity among college and high school graduate as professional basketball players:

Explanation / Answer

b) True- If State-Golden can make only one offer they should make an offer to the candidate with the best performance in the summer league

c) False- College graduate may not be performed as best in the summer leagues

d)True-   State Golden should not hesitate and make an offer to Ray, since his expected productivity as a professional basketball player is higher than Allan’s expected productivity

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