There is a measurement derived from the pay survey and used to develop pay range minimums and maximums. Which of these descriptions best applies to it?
A)minimum and maximum of the pay ranges in the survey
B)the lesser of the statistical average, or the median pay level of the market bands
C)midpoint of the survey average
D)minimum and maximum of the pay ranges in the survey with outliers eliminated

Question

Quizplus · Accepted Answer

The midpoint of the survey average is often used to develop pay range minimums and maximums because it represents a central tendency of the data, providing a balanced reference point from which to establish pay structures.

There Is a Measurement Derived from the Pay Survey and Used