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C3E – Quantitative Principles in Compensation Management

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Showing 4–6 of 10 questions

Question 4

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

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    Larger than the median

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    Between the median and the mode

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    Smaller than the median

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    Equal to the median


Question 5

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

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    8%

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    9.6%

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    10.5%

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    11.7%


Question 6

For the same problem set, what does the value 50 represent in the same equation? y =

15000 + 50x

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    The monetary market-based pay increase associated with every additional point value in the job worth scale

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    The ratio of the change in y-values relative to the change in x-values on the line of best fit

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    The slope of the line

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    All of the above