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Quantitative Principles in Compensation Management
Last Update: Sep 27, 2023
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Quantitative Principles in Compensation Management Questions and Answers

Questions 1

Which of the following provide useful guidelines for grouping data into categories?



Use a constant width for all categories


Use mutually exclusive categories


Do not allow categories to overlap


All of the above

Questions 2

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



They generally are normal distributions


They are best represented skewed with a tail to the left


Nominal data should be represented via pie charts only


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

Questions 3

On January 1 of last year, you had 1,000 emps. Dec 31 there was a 20% reduction in the workforce. By July of this year, you then increased your workforce by 20%. Do you now have 1,000 emps again? If not, how many?



Yes, 1,000


No; 800 emps on 12/31, 960 in July


No; 800 emps on 12/31, 850 in July


Not enough info to compute