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C3E Sample Questions Answers

Questions 4

In order to satisfy ordinal level data requirements, you must be able to do which of the following?

Options:

A.

Have a true zero

B.

Have a constant interval from point to point

C.

Be able to meaningfully arrange the data in rank order

D.

Be able to establish ratios

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Questions 5

You have been given the task of examining the effect of a pay-for-performance project on employee productivity. You have obtained a productivity rating score for all program participants. Which of the following best describes your data?

Options:

A.

The data represents a sample

B.

The data represent a population

C.

Productivity rating scores only produce nominal data

D.

Productivity rating scores always produce ratio data.

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Questions 6

Twelve percent of your workforce of 9,500 lives in France. How many people in your workforce live in France?

Options:

A.

962

B.

1,000

C.

1,140

D.

1,212

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Questions 7

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

Options:

A.

1,500 min; 2,500 max

B.

1,600 min; 2,400 max

C.

1,700 min; 2,300 max

D.

1,750 min; 2,250 max

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Questions 8

If the minimum is 2,000 and the desired range spread is 40%, what is the midpoint?

Options:

A.

2,000

B.

2,300

C.

2,400

D.

2,800

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Questions 9

What does a correlation of +1.0 indicate?

Options:

A.

A positive slope

B.

A negative slope

C.

A positive intercept

D.

A negative intercept

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Questions 10

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:

A.

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

B.

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

C.

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

D.

You are the most senior employee in your company.

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Questions 11

What is the individual compa-ratio for an employee whose salary is 25,000 per year when the midpoint of the salary structure is 30,000?

Options:

A.

.17

B.

.83

C.

1.20

D.

.80

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Questions 12

You have the following salary grades and midpoints. Your org wants to have a constant midpoint progression. What would be the midpoint percentage?

Grade 10 = Midpoint 2,000

Grade 11 = Midpoint 2,217

Grade 12 = Midpoint 2,456

Grade 13 = Midpoint 2,698

Options:

A.

8%

B.

9.6%

C.

10.5%

D.

11.7%

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Questions 13

You spent 30% of your budget on merit increases three years ago, 35% two years ago, and 40% last year. When was the most money spent on merit increases?

Options:

A.

Three years ago

B.

Two years ago

C.

Last year

D.

It cannot be determined based upon the information given.

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Questions 14

In positively skewed distributions, the mean is usually which of the following?

Options:

A.

Larger than the median

B.

Between the median and the mode

C.

Smaller than the median

D.

Equal to the median

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Questions 15

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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Questions 16

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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Exam Code: C3E
Exam Name: Quantitative Principles in Compensation Management
Last Update: May 16, 2024
Questions: 54
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