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WorldatWork T3 Exam Syllabus Topics:

SectionWeightObjectives
Descriptive Statistics25%- Distribution Shapes
  • 1. Normal distribution
    • 2. Skewness and kurtosis
      - Measures of Variability
      • 1. Range, interquartile range
        • 2. Variance and standard deviation
          • 3. Z-scores and percentiles
            - Measures of Central Tendency
            • 1. Mean, median, mode
              • 2. Weighted averages
                Inferential & Predictive Statistics25%- Correlation Analysis
                • 1. Interpretation of correlation strength
                  • 2. Linear correlation coefficients
                    - Regression Analysis
                    • 1. Multiple regression concepts
                      • 2. Simple linear regression
                        • 3. Using regression for market pricing
                          - Probability & Sampling
                          • 1. Basic probability rules
                            • 2. Sampling methods and error
                              Foundations of Quantitative Analysis20%- Mathematics for Compensation
                              • 1. Percentages, ratios, and proportions
                                • 2. Time value of money
                                  • 3. Compound growth and annuities
                                    - Data Collection & Presentation
                                    • 1. Frequency distributions
                                      • 2. Graphical representation of data
                                        • 3. Populations vs samples
                                          Application to Compensation Design30%- Quantitative Decision Making
                                          • 1. Evaluating compensation program costs
                                            • 2. Modeling variable pay and incentives
                                              - Market Data Analysis
                                              • 1. Aging and adjusting survey data
                                                • 2. Calculating market benchmarks
                                                  - Pay Structure Development
                                                  • 1. Compa-ratio and range penetration
                                                    • 2. Grade progression and overlap
                                                      • 3. Midpoints, ranges, and spread

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