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What is interpolation?

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

If the midpoint is 2,000 and the desired range spread is 50%, what are the min and max values?

A.

1,500 min; 2,500 max

B.

1,600 min; 2,400 max

C.

1,700 min; 2,300 max

D.

1,750 min; 2,250 max

What type of regression model does the following equation suggest? y = a + b1x1

A.

Multiple factor regression

B.

Nonlinear regression

C.

Bivariate regression

D.

Curvilinear regression

For the same problem set, what should your organization pay for an entry-level production-manual editor, a job that has been determined to be worth 500 job evaluation points. y = 15000 + 50x

A.

50,000

B.

15,000

C.

25,000

D.

40,000

What is the individual compa-ratio for an employee whose salary is 25,000 per year when the midpoint of the salary structure is 30,000?

A.

.17

B.

.83

C.

1.20

D.

.80

A distribution that is skewed with a tail to the left is which of the following?

A.

Positively skewed

B.

Symmetric

C.

Negatively skewed

D.

Normal

Salary is an example of which level of measurement?

A.

Nominal

B.

Ordinal

C.

Interval

D.

Ratio

A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior-accounting clerks is 1,670 and the average actual pay is 1,550. What is your compa-ratio for accounting clerks? What is your market index?

A.

.928 compa, .987 market

B.

.928 compa, 1.064 market

C.

.987 compa, 1.064 market

D.

.987 compa, 1.013 market

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

A.

Nominal

B.

Ordinal

C.

Interval

D.

Ratio

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

A.

Larger than the median

B.

Between the median and the mode

C.

Smaller than the median

D.

Equal to the median