Question: 1. What is the minimum pay for a job, if the midpoint is $98,000 using a width of 30% range? a. $83,300 b. $80,000 c.

1. What is the minimum pay for a job, if the midpoint is $98,000 using a width of 30% range?

a.

$83,300

b.

$80,000

c.

$68,600

d.

$93,000

2. Based on the point method of job evaluation, 350 points were derived from compensable factors and assigned for a Database Analysis (DBA) job. Regression analysis indicated the slope as $421.97 and y-intercept at (-$28,889) were determined for the DBA position. Using the equation for line what is the predict salary (y) for the DBA job?

a.

$118,800.50

b.

$147,689.05

c.

$119,776.00

d.

$176,239.75

3. What is the maximum pay for a job, if the midpoint is $98,000 using a width of 30% range?

$113,300

$102,000

$109,300

$112,700

4. What is the minimum pay for a job, if the midpoint is $125,000 using a width of 60% range?

a.

$87,500

b.

$70,000

c.

$75,000

d.

$101,500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!