Exam Code: C3
Exam Questions: 55
Quantitative Principles in Compensation Management
Updated: 24 Nov, 2025
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Question 1

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?

Options :
Answer: B

Question 2

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

Options :
Answer: D

Question 3

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

Options :
Answer: C

Question 4

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

Options :
Answer: B

Question 5

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?

Options :
Answer: B

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