Free WorldatWork C3E Exam Dumps Questions & Answers

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

• A.  1,700 min; 2,300 max
• B.  1,600 min; 2,400 max
• C.  1,750 min; 2,250 max
• D.  1,500 min; 2,500 max

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

• A.  50
• B.  550
• C.  500
• D.  15000

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

• A.  Ordinal
• B.  Interval
• C.  Ratio
• D.  Nominal

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

• A.  Avoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.
• B.  Develop a plan that provides an objective approach to collecting, organizing and displaying data
• C.  Use statistical software, which prevents distortion of data.
• D.  Distortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

Market based pay = Intercept + (slope) x (job worth). You have collected data and have quantified your model as follows: y = 15000 + 50x. The value of 15,000 in the model represents which of the following?

• A.  The mean for y
• B.  The slope of the line
• C.  The point where the line of best fit crosses the x-axis corresponding to a y-value of zero
• D.  The intercept for the line of best fit