Worldatwork C3E Exam Questions Instant Access

Question 1

Suppose your monthly pay is 3,000. The mean for all employees in your grade is 3,500, and the standard deviation is 200. What is your z-score relative to this group of employees?

A3.0

B2.5

C-2.5

D-3.0

Answer : C

Question 2

At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?

A2,160

B4,400

C5,940

D8,640

Answer : B

Question 3

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?

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

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

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

DYou are the most senior employee in your company.

Answer : D

Question 4

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?

A39.5%

B50%

C48.8%

D51.2%

Answer : C

Question 5

A range can best be described as which of the following?

AA measure of central tendency

BThe difference between the maximum value and the minimum value in a data set

CA tool used to measure the variation of a data set based on the middle 50 percent of the cases

DThe only measure of variability appropriate for ratio data

Answer : B

Question 6

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

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

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

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

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

Answer : C

Question 7

You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?

A54,000; 90,000

B57,600; 86,400

C60,000; 84,000

DThey cannot be determined from the data given

Answer : B

Worldatwork Quantitative Principles in Compensation Management C3E Exam Questions