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Explain the Low-High Approach in Selecting Jobs for Inclusion in a Compensation

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Essay

Explain the low-high approach in selecting jobs for inclusion in a compensation survey.


Definitions:

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formation, experimentation, and conclusion.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Dependent Variable

In an experiment, the variable that is measured to determine how it was affected by the manipulation of the independent variable.

Independent Variable

The variable in an experiment that is manipulated to observe its effect on the dependent variable.

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