Quantitative Principles in Compensation Management (C3E) Practice Test

Questions # 11:

What type of regression model does the following equation suggest? y = a + b1x1

Options:

Multiple factor regression

Nonlinear regression

Bivariate regression

Curvilinear regression

Questions # 12:

Which of the following is a characteristic of a standard deviation?

Options:

The standard deviation is based on the middle portion of the data.

The standard deviation reflects the variation of values between two points.

The standard deviation uses all the data points from the data set in its calculation

At least 95% of the points in a data set will always be within +-2 standard deviations from the mean.

Questions # 13:

Why do compensation professionals collect & use data?

Options:

To support personal agendas

To respond to stock price volatility

To improve changes of making sound decisions

To replace the need for modeling

Questions # 14:

George & Kevin agree to job share. George will work two 10-hour days and Kevin will work three 7-hour days. What percent of the total weekly hours is George going to work?

Options:

39.5%

50%

48.8%

51.2%

Questions # 15:

What is the mode for the following set of numbers?

15, 18, 13, 19, 25, 24, 26, 14, 25, 35, 12, 99, 54, 13, 22, 19, 13

Options:

Questions # 16:

The average seniority for your company is 16 years, and the standard deviation for seniority is one year. You have been with the co for 19 yrs, and your sister for 13 years. Which of the following is not necessarily true?

Options:

Your "years of seniority" value is three standard deviations above the average emp in your company.

Your sister has a z-score of -3.00 in regards to her seniority with the company.

The seniority for at least 88.9% of the emps in this company will fall between your sister's seniority and yours.

You are the most senior employee in your company.

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