Worldatwork C3E Exam Questions Instant Access

Question 1

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

ANonlinear regression

BStraight line regression

CMultiple linear regression

DAll of the above

Answer : C

Question 2

Which of the following is true of distribution shapes for nominal data?

AThey generally are normal distributions

BThey are best represented skewed with a tail to the left

CNominal data should be represented via pie charts only

DIt might be most honest to simply list the categories in alphabetical order.

Answer : D

Question 3

Why do compensation professionals collect & use data?

ATo support personal agendas

BTo respond to stock price volatility

CTo improve changes of making sound decisions

DTo replace the need for modeling

Answer : C

Question 4

You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?

A1,149.51

B2,674.71

C2,898.92

D2,949.51

Answer : D

Question 5

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

Question 6

Rating employee performance on a five-point scale is most likely an example of which level of measurement?

ANominal

BOrdinal

CInterval

DRatio

Answer : B

Question 7

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

A962

B1,000

C1,140

D1,212

Answer : C

Worldatwork Quantitative Principles in Compensation Management C3E Exam Questions