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

question 18

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
-Approximately what percentage of the group scored higher than this individual?

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Definitions:

Overapplied

A situation where the overhead applied to products is greater than the actual overhead incurred.

Underapplied

Refers to a situation where the actual manufacturing overhead costs are higher than the overhead costs allocated to products during a specific period.

Manufacturing Overhead

Overhead costs related to the manufacturing process, including indirect labor, indirect materials, and other expenses not directly linked to the production.

Budget Variance

The difference between budgeted amounts and actual amounts for revenues, expenses, or other financial metrics.