Sure Pass Exam C17 PDF

Market Pricing - Conducting a Competitive Pay Analysis Questions and Answers

Question 9

Which of the following is a characteristic of a good survey?

Survey sources are identified.

A limited sample size.

Aggregate data is trimmed.

Question 10

What are the sources of survey data?

Published surveys only

Custom third-party surveys only

Online reviews

Employee feedback

Both published surveys and custom third-party surveys

Question 11

What factors should be considered when aging the data in salary surveys?

Different rates, market research, and salary increase movements

Market research and aging factor

Salary increase movements and aging over two calendar years

Lead or lag approach and market research

All of the above

Question 12

What are regression analysis outliers?

Data points that are too high compared to the average

Data points that are too low compared to the average

Data points that are within the expected range

Data points that are anomalies in comparison with other data points