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Scenario I
Over 100 years ago,French educational researchers Alfred Binet and Theodore Simon developed the first intelligence tests to identify children in need of remedial education.Binet and Simon developed their test to measure what Binet termed natural intelligence,or a natural ability to learn dissociated from the effects of educational instruction.Using Binet and Simon's intelligence test,each child's score could be compared with age-norms to arrive at the child's mental age.Shortly after this pioneering work,Louis Terman developed the intelligence quotient (IQ) .There are two ways to calculate an IQ score.A ratio IQ is calculated by dividing person's mental age by their physical age and then multiplying the quotient by 100.A deviation IQ is calculated by dividing a person's test score by the average test score from their age group and multiplying this quotient by 100.
-(Scenario I) Using Binet and Simon's original intelligence test,Andrea's mental age would be calculated by :
Units
The basic quantity or measurement, such as meter, kilogram, or liter, in terms of which something is considered or measured.
Quasilinear Utility Functions
Utility functions where consumers' utility is linear in one argument, typically representing money, allowing for easy analysis of changes in wealth.
Edgeworth Box
An Edgeworth Box is a visual representation used in microeconomics to show the distribution of resources or the optimal allocation between two individuals, demonstrating how both can benefit through trade.
Pareto Optimal Allocations
A condition of resource allocation where it's impossible to make any one individual better off without making at least one individual worse off, emphasizing the concept of efficiency in economic distribution without losses.
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