WorldatWork C3E Quantitative Principles in Compensation Management Exam Exam Practice Test Questions

• Question 1

  Suppose you were given the following data for salary grade 007: Min 4,800 Midpoint 6,000 Max 7,200What is the salary range spread?

  • 35%
  • 37.5%
  • 40%
  • 50%

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• Question 2

  What type of relationship does the following equation model? y = a + b1x1 + b2x2

  • Nonlinear regression
  • Straight line regression
  • Multiple linear regression
  • All of the above

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• Question 3

  If the midpoint is 2,000 and the desired range spread is 50%, what are the min and max values?

  • 1,500 min; 2,500 max
  • 1,600 min; 2,400 max
  • 1,700 min; 2,300 max
  • 1,750 min; 2,250 max

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• Question 4

  According to the 2-sigma rule, which of the following is true?

  • Ninety-five percent of the data points will fall within two standard deviations of the mean.
  • Only 75% of the data points will fall within two standard deviations
  • At least 75 percent of the data points will fall within two standard deviations of the mean.
  • The 2-sigma rule only applies to nominal level data

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• Question 5

  For the same problem set, what should your organization pay for an entry-level production-manual editor, a job that has been determined to be worth 500 job evaluation points. y = 15000 + 50x

  • 50,000
  • 15,000
  • 25,000
  • 40,000

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