An Employee Value Proposition (EVP) is about defining the essence of a company. The EVP is the value an employee receives from the employer; it defines the commitment the company will make to develop the employee in exchange for the effort the employee puts in to benefit the company. But do all agree on what makes a unique and compelling EVP? A study showed that 13% of business executives, 35% of HR leaders, and 33% of employees say that compensation (pay and rewards) makes for a unique and compelling EVP. Assume that 200 individuals within each business group were surveyed. Complete parts (a) through (c).
a. Is there evidence of a significant difference among business groups with respect to the proportion that say compensation (pay and rewards) makes for a unique and compelling EVP? Use a=0.05
The test statistic is x^2stat=
The critical value for
b. Determine the p-value in (a) and interpret its meaning.
c1 | c2 | c3 | sum | |||||
r1 | 26 | 70 | 66 | 162 | ||||
r2 | 174 | 130 | 134 | 438 | ||||
sum | 200 | 200 | 200 | 600 | ||||
Eij | 1 | 2 | 3 | |||||
expected | 1 | 54 | 54 | 54 | ||||
2 | 146 | 146 | 146 | |||||
Oi | 26 | 70 | 66 | 174 | 130 | 134 | ||
Ei | 54 | 54 | 54 | 146 | 146 | 146 | ||
sum | ||||||||
(Oi-Ei)^2/Ei | 14.51852 | 4.740741 | 2.666667 | 5.369863 | 1.7534 | 0.9863 | 30.036 | |
alpha | 0.05 | |||||||
critical value | 5.991 | |||||||
p-value | 0.0000 |
TS = 30.036
critical value = 5.991
reject Ho , there is sufficient evidence
b)
p-value = 0.000
p-value is probability of obtaining a result as extreme as one obtained with this sample given that null is true
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An Employee Value Proposition (EVP) is about defining the essence of a company. The EVP is...
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