If We Interpreted a Reliability Coefficient to Indicate That 80

question 17

Multiple Choice

If we interpreted a reliability coefficient to indicate that 80% of the variance was true variance to observed variance, what would be the ratio of error variance to observed variance?

• A).20
• B).40
• C).60
• D).80

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Definitions:

Variable Input

Denotes resources used in production that can be adjusted in the short run, such as labor or raw materials.

Marginal Revenue Product

The extra income earned by utilizing an additional unit of a production resource, while keeping all other resources unchanged.

Variable Input

Resources or inputs in production that change in quantity depending on the level of output, such as raw materials and direct labor hours.

Market Wage

The average or prevailing wage rate for a specific job in a particular market or industry.