Question
What is meant by the 'Veblen
effect'?Solution
Veblen effect is one of the biases that an appraiser may have while appraising the employee. This means that the manager gives average rating to all employees irrespective of their performance. It is similar to the central tendency effect. Various other biases in performance appraisal are: 
A batsman scores 87 runs in the 21st match of his career. His average runs per match increases by 2. What was his average before the 21st match.
The average age of 12 boys in the group is 9 years. If 2 more boys join the group, the average is increased by 1 year. What is the average age (in years...
The average age of a class of 25 girls is 20 years. If 7 new girls having average age of 12 years join the class, then the average age of the class beco...
When the average age of a husband and wife and their son was 44 years, the son got married and a child was born just one year after their marriage. When...
Average of four consecutive prime numbers T1, T2, T3, and T4 is (17 + x). If the average of T1 and T2 is (13 + x) and the average of T3 and T4 is (13 + ...
Four numbers are arranged in ascending order. When the 1st two numbers are increased by the number equal to their position, and the last two numbers (i....
In a classroom, there are 24 male students and 16 female students. The male students have an average age of 16 years, while the female students average ...
- The mean of 15 observations is 124 and the median of the observations is 130. Find the mode of the observations.
The average number of books on history, polity and geography in a library is 165, and the average number of books on history and geography is 140. If th...
In an exam of 100 marks, the average marks of a class of 38 students are 72. If the top 3 scorers of the class leave, the average score falls “dow...
