Review the chapter readings of this week and reflect the following terms and applicability and significance of each:
● Sampling distribution and central limit theorem. Include hypothetical examples for better clarity.
● What is a z statistic and what qualifies a statistic to be z statistic based on the central limit theorem and the basic properties of normal distributions? What are the limitations of the central limit theorem, and how are some of these limitations bypassed?
● What test statistic is used for constructing a confidence interval on the population’s proportion?
● Why and when is the t statistic used in constructing a confidence interval for the mean of a population?
nfluence of Power: If managers want to grow employees and to do something, they can follow the power tactics. Power is related with expert and motivational. Power can inspire in an organization both positively and negatively. In TCC the managers apply power to develop flexible working plan so that employees get motivated and work according to their ease. The management has the power to run the organization according to the company’s objectives. To create a good connection with the employees, managers can positively activity their power. It supports to return the company’s output and revenue. In an organization, different types of power present such as: legitimate power, reward power, expert power, coercive power, and referent power (Markoulli, 2017). All of these powers can be used for an organization not only for favor but also for bad will. Task 2: P2. An evaluation of how content and process theories of motivation and motivational techniques enable effective achievement of goals in an organizational context. An organization achieve their specific target by proper motivation. In business sector 3 types’ motivation present such as content theory, process theory and reinforcement theory (Gladwell, 2017). Content Theories: Content theory describes the positive issues of motivation. It is important on what motivates the individuals. It explains the clarifications of impulses of human needs as well as time and many psychologists strived to describe these needs. There are some theories include in content theory such as Maslow’s hierarchy of needs, McGregor’s Theory X and Y, ERG theory, Herzberg’s Motivational theory, and McClelland’s theory of needs.>GET ANSWER