Which of the Following Approaches to Test Construction Is the MOST

question 23

Multiple Choice

Which of the following approaches to test construction is the MOST atheoretical?

• A) rational
• B) factor analytic
• C) content validation
• D) empirical

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Definitions:

Risk-Free Asset

An investment that is considered to have negligible risk of financial loss, typically government bonds of stable countries.

Capital Allocation Line

A line representing the risk-return trade-off of different portfolios, showing the highest expected return for a given level of risk.

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much the values differ from the mean of the set.