Incremental Validity

question 37

Multiple Choice

Incremental validity

• A)is less valuable than face validity.
• B)defines the base rate in utility theory.
• C)is an estimate of the hit rate.
• D)tells you what you can gain by using a particular test.

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Definitions:

Annual Cost

The total amount of money required to operate or maintain something over the course of a year.

Financial Data

Quantitative information pertaining to financial transactions, including revenues, expenses, profitability, and market performance.

Lowest Profit

This refers to the minimum amount of financial gain realized from business operations, investments, or other revenue-generating activities during a specific period.

Financial Data

Quantitative information pertaining to the financial health, performance, and transactions of an individual or organization.