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What type of relationship does this equation model?
y = a + bx + cx2
Answer : A
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?
Answer : D
For the same problem set, what does the value 50 represent in the same equation? y = 15000 + 50x
Answer : D
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
Answer : D
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?
Answer : D
