You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?

What is interpolation?

What type of relationship does this equation model?

y = a + bx + cx2

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?

In positively skewed distributions, the mean is usually which of the following?

Suppose you were given the following data for salary grade 007: Min 4,800 Midpoint 6,000 Max 7,200

What is the salary range spread?

If the midpoint is 2,000 and the desired range spread is 50%, what are the min and max values?