Which equation is utilized for estimating the dollar value of a training program?

The Utility Estimation Equation is specifically designed for estimating the dollar value of a training program. This equation allows organizations to quantify the financial benefits derived from training by considering factors such as the improvement in employee performance and productivity that results from the training intervention.

Using this equation, organizations can make informed decisions about the effectiveness of their training investments by providing a monetary value that reflects the return on investment in training. It helps in calculating how much value training adds to the organization in terms of increased output or reduced costs, which is essential for justifying training expenditures to stakeholders.

In contrast, the other options, while relevant to training and evaluation, do not focus specifically on estimating the dollar value of a training program. The ROI Equation provides a broader measure of return on investment but does not focus solely on utility. The Training Effectiveness Index measures the overall effectiveness of training rather than its monetary value. The Behavior Modification Formula is more about specifying behavior change rather than quantifying financial outcomes related to training.