If an Examiner Administered the Same Test Now and in a Week

question 157

Short Answer

If an examiner administered the same test now and in a week and correlated the results, a low correlation coefficient would indicate that the test has poor _____.

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Definitions:

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Long Run

The Long Run is a period in economics during which all factors of production and costs are variable, allowing for adjustment to changing market conditions.

Fixed Amount

A specific, unchanging quantity of something.

Diminishing Returns

An economic principle that states as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase proportionally.