Which of the following is often used to set pay ranges?
A)Median
B)Weighted mean
C)Quartiles and percentiles
D)Standard deviation

Question

Quizplus · Accepted Answer

Quartiles and percentiles are commonly used to determine pay ranges because they allow for a range of salaries based on the overall distribution of salaries in a particular industry or company. The median can also be useful in determining the midpoint of the pay range, but quartiles and percentiles provide a better indication of the spread of salaries. Weighted mean and standard deviation are less commonly used in setting pay ranges.

Which of the Following Is Often Used to Set Pay