Online Access Free C3E Exam Questions

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?

• A.Your "years of seniority" value is three standard deviations above the average emp in your company.
• B.You are the most senior employee in your company.
• C.The seniority for at least 88.9% of the emps in this company will fall between your sister's seniority and yours.
• D.Your sister has a z-score of -3.00 in regards to her seniority with the company.

Suppose your monthly pay is 3,000. The mean for all employees in your grade is 3,500, and the standard deviation is 200. What is your z-score relative to this group of employees?

• A.-2.5
• B.3.0
• C.-3.0
• D.2.5

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

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

You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

• A.Union rate is higher
• B.Cannot calculate
• C.It will be 13.46 after three years
• D.Management rate is higher

Why do we sample?

• A.Because of the lack of time and money
• B.Because computers only work with sample data
• C.Because samples are more accurate than populations
• D.Because population data are unreliable