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C3E Quantitative Principles in Compensation Management Questions and Answers

Questions 4

A distribution that is skewed with a tail to the left is which of the following?

Options:

A.

Positively skewed

B.

Symmetric

C.

Negatively skewed

D.

Normal

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Questions 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

Options:

A.

50,000

B.

15,000

C.

25,000

D.

40,000

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Questions 6

What type of relationship does this equation model?

y = a + bx + cx2

Options:

A.

Nonlinear regression

B.

Straight line regression

C.

Bivariate regression

D.

All of the above

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Questions 7

How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?

Options:

A.

309

B.

477.54

C.

489.05

D.

977.54

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Questions 8

If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

Options:

A.

18%

B.

20%

C.

10%

D.

80%

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Exam Code: C3E
Exam Name: Quantitative Principles in Compensation Management
Last Update: Apr 23, 2024
Questions: 54

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