What does a high selection ratio mean

For example, say you're comparing two different fund managers:.Price to cash flow or price to free cash flow ratios.An estimate of the heritability of a trait is specific to one population in one environment, and it can change over time as circumstances change.Selection ratio refers to the ratio of the number of job positions to the number of job applicants and is used in the context of selection and recruitment.Every datapoint gets a rank from first, second, or third, etc.

This is called coefficient of selection against the recessives and is depicted by the letter s, which is a positive number and fluctuates between 0 and 1.The equation looks like this:To use this formula, you'll first rank the data from each variable separately from low to high:Therefore, it is a statistic, although unusual in that the statistic's value depends on a parameter, θ {\displaystyle \theta }.The value of s will be zero for those characters which are neither.

As per wiki , the selection ratio refers to the ratio of the number of job positions to the number of job applicants and is used in the context of selection and recruitment.It is typically assumed to be a number between 0 and 1 where a number closer to zero implies that there are many applicants for any one position.The p/e ratio, or the ratio of a stock's price to its earnings per share (eps), is a metric that can help investors decide the value of a stock.Conclusion is that selection tools are most valuable when the selection ratio is low, the base rate is low, and validity coefficient is high.Pr is ratio of two probabilities.