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Questions 11

Which of the following should be used to determine the amount of interest earned on money over a specified period of time?

Options:

A.

Percent difference

B.

Percent adjustment

C.

Compound interest

D.

Compa-ratio

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Questions 12

For the same problem set, what does the value 50 represent in the same equation? y = 15000 + 50x

Options:

A.

The monetary market-based pay increase associated with every additional point value in the job worth scale

B.

The ratio of the change in y-values relative to the change in x-values on the line of best fit

C.

The slope of the line

D.

All of the above

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Questions 13

At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?

Options:

A.

2,160

B.

4,400

C.

5,940

D.

8,640

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Questions 14

In order to satisfy ordinal level data requirements, you must be able to do which of the following?

Options:

A.

Have a true zero

B.

Have a constant interval from point to point

C.

Be able to meaningfully arrange the data in rank order

D.

Be able to establish ratios

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Questions 15

Which of the following is a characteristic of a standard deviation?

Options:

A.

The standard deviation is based on the middle portion of the data.

B.

The standard deviation reflects the variation of values between two points.

C.

The standard deviation uses all the data points from the data set in its calculation

D.

At least 95% of the points in a data set will always be within +-2 standard deviations from the mean.

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Questions 16

What type of relationship does this equation model?

y = a + bx + cx2

Options:

A.

Nonlinear regression

B.

Straight line regression

C.

Bivariate regression

D.

All of the above

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