trUtility {iopsych} | R Documentation |
The Taylor Russel Model can be used to estimate the utility of selecting for a dichotomous criterion.
trUtility(n = 1, rxy, sr, br, dbr, cost = 0, period = 1)
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 |
Estimated gain in utility.
Allen Goebl and Jeff Jones
Roomsburg (1989). Utility as a function of selection ratio and base rate: An empirical investigation of military aviation selection. (Doctoral dissertation).
#trUtility(rxy=.5, sr=.5, br=.6, dbr=1000)