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Exam Code:
C3E
Exam Name:
Quantitative Principles in Compensation Management
Last Update: Dec 2, 2022
54 Questions
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Quantitative Principles in Compensation Management Questions and Answers

Questions 1

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

Options:

A.

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

B.

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

C.

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

D.

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

Questions 2

What is interpolation?

Options:

A.

A value that a given percent of the data is less than

B.

An exact value representing a remainder

C.

A whole number that represents the sum of a data set

D.

A statistical representation of standard deviation

Questions 3

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%