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Question 19 3 out of 3 pointsThis term refers to the distance of each salary figure from the mean.Answer Selected Answer:Question 20
3 out of 3 pointsWhat does it mean when the distribution of data is skewed to the right?Answer Selected Answer:Question 21 3 out of 3 pointsThis BLS survey provides the quarterly measure of changes in labor and compensation costs, and is used as the principle economic indicator for the Federal Reserve.Answer Selected Answer:Question 22 0 out of 3 pointsThese are used as reference points for setting pay levels.
Question 23 3 out of 3 pointsMarket lag policies are generally set to which quartile in the salary survey?1stQuestion 24 3 out of 3 pointsAs of September 2010, U.S. companies spent approximately how much per employee fordiscretionary benefits?Question 25 0 out of 3 points
Jose Escobar conducts a survey of salaries at UB2 Enterprises and finds that 50% of the workers fall below the market pay average of $32,000. In which quartile do the workers at ERL Enterprises fall?Question 26 0 out of 3 pointsThese are the two types of central tendency measures that are pertinent to compensation.Answer Selected Answer:Question 27 3 out of 3 pointsCompanies pursuing a differentiation strategy are most likely to use which pay level policy?
Question 28 0 out of 3 pointsIn regression, what does it mean when the R2 = 1?Answer Selected Answer:Question 29 0 out of 3 pointsSuppose that a compensation professional would like to calculate the median salary. He/she orders four salaries as follows: $20,000, $22,000, $24,000, $26,000. What is the median salary for this data set?Question 30 0 out of 3 pointsWhat does Quartile 3 represent?