Question
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Use completed Table 3 values and notes under Table 3 to complete...
- Use completed Table 3 values and notes under Table 3 to complete Table 4 (Mark Smith is an example).
| Age | Risk | |||||
| Number | Name | Gender | Income | Score | Net Worth | Profile |
| 1 | Mike Smith | M | Medium | 30 | Medium | High |
| 2 | Ben Johnson | M | low | 13 | medium | Very High |
| 3 | Fran Klien | F | medium | 33 | medium | Medium |
| 4 | William Grouper | M | high | 34 | medium | High |
| 5 | Mary Quinn | F | high | 37 | low | Low |
| 6 | Sam Willard | M | low | 58 | low | Low |
| 7 | Karen Queen | F | high | 18 | high | Medium |
| 8 | Dan Ziggler | M | high | 46 | high | High |
| 9 | Anna Lowe | F | low | 57 | low | Medium |
| 10 | Mike Younger | M | low | 2 | high | Medium |
| 11 | Sally Ringer | F | Medium | 46 | medium | High |
Rules for Table 3 If Income is < $50,000 then Income Category = Low If Income is = or > $50,000 and < $100,000 then Income Category = Medium If Income is equal or greater than $100,000 then Income Category = High
Age score = (Mandatory retirement age of 65 - employee age) X 1.5 See example Mike Smith (65-45) X 1.5 = 30 in Table 2
If Net worth is < $300,000 then Net worth category = Low If Net worth is = or > $300,000 and < $1,000,000 then Net worth category = Medium If Net worth is = or > $1,000,000 then Net worth category = High |
TABLE 4 - EMPLOYEE SCORING
| Age | Risk Aversion | Personal risk | |||||
| Number | Name | Gender | Income | Score | Net Worth | Score | Score (sum) |
| 1 | Mike Smith | M | 5 | 30 | 5 | 5 | 45 |
| 2 | Ben Johnson | M | |||||
| 3 | Fran Klien | F | |||||
| 4 | William Grouper | M | |||||
| 5 | Mary Quinn | F | |||||
| 6 | Sam Willard | M | |||||
| 7 | Karen Queen | F | |||||
| 8 | Dan Ziggler | M | |||||
| 9 | Anna Lowe | F | |||||
| 10 | Mike Younger | M | |||||
| 11 | Sally Ringer | F |
Rules for Table 4 If Income is Low the point value = 0, If Income is medium the point value = 5 If Income is high the point value = 10
Copy Age score from Table 3 to Table 4 (round upward if not an integer)
If Net Worth is Low value = 0, If Net Worth is medium the point value = 5 If Net Worth is high the point value = 10
If Table 2 risk profile = Low then Risk aversion score = 20 If Table 2 risk profile = Medium then Risk aversion score = 10 If Table 2 risk profile = High then Risk aversion score = 5 If Table 2 risk profile = Very High then Risk aversion score = 0 |
Answer & Explanation
Solved by verified expertAnswered by PrivateDragonflyPerson780 on coursehero.com
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