Question 1

What are regression analysis outliers?

Options :

A : Data points that are too high compared to the average

B : Data points that are too low compared to the average

C : Data points that are within the expected range

D : Data points that are anomalies in comparison with other data points

Answer: D

Question 2

When using market-based job evaluation, what is the percentage of jobs in the organization that should be benchmarked?

Options :

A : At least 30%

B : At least 50%

C : At least 70%

D : At least 90%

Answer: B

Question 3

What does the regression line provide?

Options :

A : The average market pay level

B : The highest market pay level

C : The lowest market pay level

D : A line of best fit of market pay levels for each grade based on the benchmark jobs

Answer: D

Question 4

What does take priority in Market-Based approach to pay structure development?

Options :

A : Internal pay equity

B : Employee job satisfaction

C : External market pricing or competitiveness

D : Employee engagement

Answer: C

Question 5

What are the data integrity components that may impact the survey quality?

Options :

A : Submissions, data accuracy, survey vendor auditing

B : Survey response rate, survey participant demographics, survey topic relevance

C : Survey cost, survey methodology, survey timing

D : Survey participant anonymity, survey vendor reputation, survey incentives

Answer: A

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