In Order to Evaluate a Graduate Program in Psychology, a Decision

question 40

Short Answer

In order to evaluate a graduate program in psychology, a decision is made to compare the scores of the recent graduates on the national licensure exam to scores nationally. The internal consistency reliability of the test = .84. The program therefore follows up with their students and finds 24 students who have taken the exam in its most recent form. The scores of the students in the program are as follows:
Given information:
Mean = 144; Median = 142; Mode = 142; Range = 50
-Find the standard deviation of the students in the graduate program.

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Definitions:

Split-off Point

In process costing, the stage in production where multiple products emerge from a single process and continue to be processed further or sold as is.

Joint Production Costs

Costs that are incurred up to the split-off point in a process that produces multiple products.

Absorption Costing

This accounting style integrates all facets of manufacturing costs—direct materials, direct labor, and both variable and fixed overheads—into the comprehensive cost of a product.

Markup

The amount added to the cost of goods to cover overhead and profit, determining the selling price.