ECO 550 Week 7 Discussion board New
This week's discussion
focuses on decision error costs with regard to hiring new talent. Use the
provided scenario as a basis to inform your post on decision-making impacts and
Type I and Type II errors.
Instructions
The HR department is
trying to fill a vacant position for a job with a small talent pool. Valid
applications arrive every week or so, and the applicants all seem to bring
different levels of expertise. For each applicant, the HR manager gathers
information by trying to verify various claims on résumés, but some doubt about
fit always lingers when a decision to hire or not to hire is made.
For your discussion
post, address the following within the context of the scenario:
·
What are the Type I and Type II decision errors costs?
·
Which decision error is more likely to be discovered by the CEO?
·
How does this affect the HR manager's hiring decisions?
https://hwacer.com/Tutorial/eco-550-week-7-discussion-board-new/
Note: In your discussion posts for this
course, do not rely on Wikipedia, Investopedia, or any similar website as a
reference or supporting source.
To earn full credit
for your discussion, you must complete one post and one follow-up or reply to a
classmate. Make sure both the post and the reply focus on the questions asked.
Clarification on policy on
references. In general you will not actually need a reference to reply to
a discussion. These are problem solving exercise. You are
creating a solution, but you may chose to use a reference. If
you do use a reference, it must be an academically credible
reference. Remember that the reference you select is part of your
credibility. Never use investopedia, wikipedia, or any other
predia. These are not acceptable. Use of one of these will mean
zero credit on the exercise.
Second, the discussions are a
learning activity. We will assess your progress on the topic, but that is
not a grade. If you have not mastered all the insights, you will find
feedback to help you improve your understanding. Use that to do
additional post to improve and we will re-assess our evaluation.