When Comparing a Score to Grade Norms, the Grade Equivalent

question 10

Multiple Choice

When comparing a score to grade norms, the grade equivalent of a given score is

• A) normal and deviations are considered abnormal
• B) the median score of the norm group
• C) the mean score of the norm group
• D) the mean score of children that age

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for certain combinations of goods.

Budget Constraint

Constraints on the assortments of products and services available for purchase by a consumer, determined by their financial resources and market prices.

Tangent

A straight line that touches a curve at a single point without crossing it, often used to find the slope of the curve at that point.

Substitution Effect

The change in the quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods.