internal.fuseRma: Taylor-Russell Utility

Description Usage Arguments Value Author(s) References Examples

Description

The Taylor Russel Model can be used to estimate the utility of selecting for a dichotomous criterion.

Usage

1
trUtility(n = 1, rxy, sr, br, dbr, cost = 0, period = 1)

Arguments

n

The size of the applicant pool.

rxy

The correaltion between the predictor composite and the criterion.

sr

The selection ratio.

br

The criterion ratio. The cutoff point indicating success or failure.

dbr

The monetary value of a 1 percent change in the basis rate per applicant.

cost

The cost per applicant of a selection system.

period

The anticipated tenure of selected employees

Value

Estimated gain in utility.

Author(s)

Allen Goebl and Jeff Jones

References

Roomsburg (1989). Utility as a function of selection ratio and base rate: An empirical investigation of military aviation selection. (Doctoral dissertation).

Examples

1
#trUtility(rxy=.5, sr=.5, br=.6, dbr=1000)

iopsych documentation built on May 30, 2017, 5:33 a.m.