SOLVED

11) If the means salary for B42DA, Inc., is $30,000 and the median salary is $32,000, what would Yolanda’s salary of $165,000 be considered? A) overlie B) outsider C) outlier D) over layer 12) In statistical analysis, which of the following is used to signify the possible extreme observations? A) deviations B) extremities C) outliers D) variants 13) Which of the following are the two types of central tendency measures that are pertinent to compensation? A) mode and arithmetic mean B) median and mode C) mode and quartile D) arithmetic mean and median 14) Which of the following are the three measures of dispersion? A) percentile standard, deviation, arithmetic mean B) standard deviation, quartile, percentile C) quartile, arithmetic mean, standard deviation D) arithmetic mean, percentile, quartile 15) Suppose that a compensation professional would like to calculate the median salary. He orders four salaries as follows: $20,000, $22,000, $24,000, $26,000. What is the median salary for this data set? A) $21,000 B) $22,000 C) $23,000 D) $24,000 16) Which of the following surveys are tools used by employers to determine the pay levels needed to recruit highly qualified employees? A) strategic surveys B) external market surveys C) compensation surveys D) internal market surveys 17) This term refers to the distance of each salary figure from the mean. A) standard deviation B) quartile C) percentile D) deviated mean 18) Jose Escobar conducts a survey of salaries at ERL 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? A) first B) second C) third D) fourth 19) What does Quartile 3 represent? A) the number of figures that are above 25% B) the number of figures that fall below 25% C) the number of figures that are above 75% D) the number of figures that fall below 75% 20) What does it mean when the distribution of data is skewed to the right? A) There is a lower frequency of larger values and the median is greater than the mean. B) There is a higher frequency of larger values and the median is greater than the mean C) There is a lower frequency of larger values and the mean is greater than the median. D