Predictive Validity Indicates the Ability of the Measuring Instrument to Differentiate

question 32

True/False

Predictive validity indicates the ability of the measuring instrument to differentiate among individuals with reference to a future criterion.

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Definitions:

Wood

The hard, fibrous structural tissue found in the stems and roots of trees and other woody plants.

Cost Function

A mathematical relationship that describes how the costs incurred by a firm vary with the level of output or activity.

Output

Refers to the quantity of products or services produced by a business, industry, or economy.

Marginal Cost

The increase in total cost that arises from an increase in production by one additional unit.