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C3E Questions and Answers

Question # 1

You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?

A.

54,000; 90,000

B.

57,600; 86,400

C.

60,000; 84,000

D.

They cannot be determined from the data given

Question # 2

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

A.

Nominal

B.

Ordinal

C.

Interval

D.

Ratio

Question # 3

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

A.

Use statistical software, which prevents distortion of data.

B.

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

C.

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

D.

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

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