A Psychologist Wants to Assess the Construct Validity of a New

question 25

Multiple Choice

A psychologist wants to assess the construct validity of a new test. He can do so by showing that ____.

• A) scores at Time 1 predict behavior at Time 2
• B) all portions of the test produce similar results
• C) the test results correlate with an established measure
• D) scores on the test are consistent over time

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Definitions:

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Break Even

Break even refers to the point at which total revenues equal total costs, meaning that a business or project is neither losing nor making money.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or business activity.