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?
A. 50
B. 15000
C. 500
D. 550
D
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For the same problem set, what should your organization pay for an entry-level production-manual
editor, a job that has been determined to be worth 500 job evaluation points. y = 15000 + 50x
D
For the same problem set, what does the value 50 represent in the same equation? y = 15000 + 50x
D
Market based pay = Intercept + (slope) x (job worth). You have collected data and have quantified
your model as follows: y = 15000 + 50x. The value of 15,000 in the model represents which of the
following?
D
What type of relationship does this equation model?
y = a + bx + cx2
A
What does a correlation of +1.0 indicate?
A
What type of relationship does the following equation model? y = a + b1x1 + b2x2
C
What type of regression model does the following equation suggest? y = a + b1x1
C
Which of the following is characteristic of a normal distribution?
D
In positively skewed distributions, the mean is usually which of the following?
A