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iopsych (version 0.90.1)

trUtility: Taylor-Russell Utility

Description

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

Usage

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.

References

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

Examples

Run this code
#trUtility(rxy=.5, sr=.5, br=.6, dbr=1000)

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