In: Statistics and Probability
After receiving your bachelor’s degree in personnel management, you were hired by a small but expanding life insurance company. Your first assignment is to develop a more efficient technique for the preliminary screening of applicants for sales positions. Since the firm employs only college graduates, you decide to work with information focusing on their performance during college. A random sample of 25 from the firm’s current sales force is selected and the following information is obtained:
Last year’s performance evaluation score
College grade point average (GPA)
Percent of total college expenses earned by the individual
Number of social organizations the individual belonged to
Percent of Number of
Performance Expenses Social
Score GPA Earned Organizations
43 2.1 50 2
47 2.8 20 5
53 2.6 10 3
56 2.7 60 1
57 3.8 0 0
64 2.6 30 2
68 3.2 10 1
68 2.8 30 2
74 2.6 10 2
75 2.9 40 1
77 3.0 30 0
78 3.2 15 1
81 3.4 20 2
83 2.8 40 3
87 2.6 60 5
88 3.1 50 0
89 2.4 80 4
90 3.3 10 2
91 2.9 50 6
92 3.5 40 1
93 3.7 30 2
94 3.1 20 5
95 3.6 70 1
96 3.2 10 4
97 3.4 40 0
On the basis of the data obtained, what recommendations can you make regarding the preliminary screening of applicants for sales positions?