WorldatWork Quantitative Principles in Compensation Management C3E Question # 9 Topic 1 Discussion

WorldatWork Quantitative Principles in Compensation Management C3E Question # 9 Topic 1 Discussion

C3E Exam Topic 1 Question 9 Discussion:
Question #: 9
Topic #: 1

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?


A.

The slope of the line


B.

The point where the line of best fit crosses the x-axis corresponding to a y-value of zero


C.

The mean for y


D.

The intercept for the line of best fit


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