Worldatwork C3E Exam Practice Test Instant Access

Question 1

How can compensation professionals ensure their statistical data are not distorted?

AUse statistical software, which prevents distortion of data.

BDevelop a plan that provides an objective approach to collecting, organizing and displaying data

CAvoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.

DDistortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

Answer : B

Question 2

A true, absolute zero exists for which level of measurement?

ANominal

BOrdinal

CInterval

DRatio

Answer : D

Question 3

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

Question 4

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 5

Midpoint for grade 14 is 950, and the max is 1,200. Assuming that the structure is symmetric, what is the range spread? (rounded)

A21%

B26%

C52%

D71%

Answer : D

Question 6

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 7

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

Worldatwork Quantitative Principles in Compensation Management C3E Exam Practice Test