When a Test Is Very Difficult for a Group of Examinees

question 16

Multiple Choice

When a test is very difficult for a group of examinees, the frequency distribution of their scores will probably be:

• A)bi-modal
• B)positively skewed
• C)negatively skewed
• D)normally distributed

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Definitions:

Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, either in their vaults or with the central bank, to ensure liquidity.

Goldsmith's Receipts

Goldsmith's Receipts were historically issued by goldsmiths in the form of promissory notes against the gold deposited with them, leading to the development of banking.

NOW Accounts

Interest-earning banking accounts that permit writing checks against the deposited funds.

Interest-Bearing

Pertaining to financial instruments or accounts that generate interest income over time for the holder, such as bonds or savings accounts.