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Question 1

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

Options :

A : Multiple factor regression

B : Nonlinear regression

C : Bivariate regression

D : Curvilinear regression

Answer: C

Question 2

What is the median of the following data?

7, 17, 3, 19, 13, 9, 7

Options :

A : 7

B : 9

C : 13

D : 11

Answer: B

Question 3

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.

Answer: C

Question 4

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 :

A : 10,058.25

B : 11,841.14

C : 11,957.91

D : 12,802.36

Answer: B

Question 5

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 :

A : 50

B : 15000

C : 500

D : 550

Answer: D