Given That the Variance for a Data Set Is 1

question 9

Multiple Choice

Given that the variance for a data set is 1.20, what is the standard deviation?

• A) 1.44
• B) 1.20
• C) 1.10
• D) 0.60

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Definitions:

Membership/Seniority-based Rewards

Compensation and benefits that are granted based on the length of service and membership status within an organization rather than performance.

Job Performance

Involves the evaluation of an employee's effectiveness in fulfilling their job responsibilities and tasks.

Skill-based Pay Plans

Compensation systems that pay employees based on the range, depth, or complexity of their skills and knowledge, rather than their job title or position.

Job Evaluation

The process of analyzing and assessing various jobs systematically to ascertain their relative worth within an organization.