Question 1
In anticipation of Jungle’s emphasis on the need to have decisions based on evidence, Sarah is concerned whether the online training for leadership development has more value than the face-to-face training. She has tasked you to conduct a study to evaluate the utility of the these two training methods. Table 8 shows the results of the study that was conducted.
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Assuming that the total number of employees that can be trained during one batch is 20 employees for the face-to-face training and 30 employees for the online training. However, dollar value of one standard deviation of performance difference is S$25,000 for the face-to-face training method and $15,000 for the online training method.
Calculate the overall utility of the two trainings and recommend which training method should the company consider with elaborations and explain the key factors that contribute to the selected training based on the equation used.
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