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Every Few Years Psychologists Restandardize IQ Tests to Maintain a Constant

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Every few years psychologists restandardize IQ tests to maintain a constant mean and distribution. If they had not done so, what would have happened to the mean IQ score of the population?


Definitions:

Days' Sales Outstanding

An indicator of how quickly a company collects cash from accounts receivable after a sale over a given period.

Accounts Payables

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.

GAAP

Generally Accepted Accounting Principles, a common set of accounting rules and standards used in the United States for financial reporting.

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