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Reliability Refers to How Well a Test Measures What It

question 34

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Reliability refers to how well a test measures what it claims to measure.


Definitions:

Utility Function

A representation in economics that shows the relationship between the utility (satisfaction) individuals receive from consuming goods and services and different consumption bundles.

Consumption

The action of using goods and services to satisfy needs or desires.

Income

Receipts from labor or investments, typically disbursed at regular intervals.

Consumption

The process by which goods and services are utilized to satisfy human wants, including the use of resources.

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