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[Jun 19, 2022] Powerful C3E PDF Dumps for C3E Questions [Q14-Q38]

[Jun 19, 2022] Powerful C3E PDF Dumps for C3E Questions

Authentic C3E Dumps – Free PDF Questions to Pass

NEW QUESTION 14
Which of the following should be used to determine the amount of interest earned on money over a specified period of time?

Percent difference

Percent adjustment

Compound interest

Compa-ratio

NEW QUESTION 15
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.

NEW QUESTION 16
Why do compensation professionals collect & use data?

To support personal agendas

To respond to stock price volatility

To improve changes of making sound decisions

To replace the need for modeling

NEW QUESTION 17
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?

18%

20%

10%

80%

NEW QUESTION 18
Which of the following describes an annuity?

What is given up when an investment decision is made

An investment that pays on a scheduled basis over a fixed amount of time

Interest that is applied at the end of the period and only on the beginning balance or principle.

NEW QUESTION 19
An employee earning 50,000 annually contributes 8% of his/her salary to a voluntary savings plan in the first year of participation. Excluding investment earnings, how much is in this employee’s account at the end of the first year?

2,000

4,000

5,500

8,000

NEW QUESTION 20
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

NEW QUESTION 21
How can compensation professionals ensure their statistical data are not distorted?

Use statistical software, which prevents distortion of data.

Develop a plan that provides an objective approach to collecting, organizing and displaying data

Avoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.

Distortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

NEW QUESTION 22
What is interpolation?

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

An exact value representing a remainder

A whole number that represents the sum of a data set

A statistical representation of standard deviation

NEW QUESTION 23
A distribution that is skewed with a tail to the left is which of the following?

Positively skewed

Symmetric

Negatively skewed

Normal

NEW QUESTION 24
You need 15,000 in two years in order to take that long-awaited and much deserved vacation of your dreams.
You can earn 12% interest, compounded quarterly from your credit union. How much money do you need to set aside now?

10,058.25

11,841.14

11,957.91

12,802.36

NEW QUESTION 25
Why do we sample?

Because samples are more accurate than populations

Because of the lack of time and money

Because computers only work with sample data

Because population data are unreliable

NEW QUESTION 26
You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?

1,149.51

2,674.71

2,898.92

2,949.51

NEW QUESTION 27
What type of regression model does the following equation suggest? y = a + b1x1

Multiple factor regression

Nonlinear regression

Bivariate regression

Curvilinear regression

NEW QUESTION 28
What is the median of the following data?
7, 17, 3, 19, 13, 9, 7

NEW QUESTION 29
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

9.6%

10.5%

11.7%

NEW QUESTION 30
What are percentile bars?

A tool to help visualize the distribution of data

The value that occurs most often among a data set

Representations of the median salary in an organization’s pay grades

The most common method of representing unweighted means

NEW QUESTION 31
You have 660 hourly, 420 salaried non-management and 320 salaried management employees. What is the percentage of salaried non-management employees?

23%

30%

45%

47%

NEW QUESTION 32
Salary is an example of which level of measurement?

Nominal

Ordinal

Interval

Ratio

NEW QUESTION 33
Midpoint for grade 14 is 950, and the max is 1,200. Assuming that the structure is symmetric, what is the range spread? (rounded)

21%

26%

52%

71%

NEW QUESTION 34
You have been given the task of examining the effect of a pay-for-performance project on employee productivity. You have obtained a productivity rating score for all program participants. Which of the following best describes your data?

The data represents a sample

The data represent a population

Productivity rating scores only produce nominal data

Productivity rating scores always produce ratio data.

NEW QUESTION 35
The average seniority for your company is 16 years, and the standard deviation for seniority is one year. You have been with the co for 19 yrs, and your sister for 13 years. Which of the following is not necessarily true?

Your “years of seniority” value is three standard deviations above the average emp in your company.

Your sister has a z-score of -3.00 in regards to her seniority with the company.

The seniority for at least 88.9% of the emps in this company will fall between your sister’s seniority and yours.

You are the most senior employee in your company.

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WorldatWork C3E Exam Syllabus Topics:

Topic	Details
Topic 1	Understand measure of variability including range, interquartile range and standard deviation Developing salary ranges and percents in compensation management
Topic 2	Constant midpoint progression and annuity payments Lying with Statistics, Graphs and Displays
Topic 3	Learn about z-scores, including 2-sigma and 3-sigma rules Collecting, Organizing, Grouping and Displaying Data
Topic 4	Data, Information and Levels of Management Learn about regression models within the compensation environment

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[Jun 19, 2022] Powerful C3E PDF Dumps for C3E Questions [Q14-Q38]

WorldatWork C3E Exam Syllabus Topics: