​The Hourly Wages of a Sample of 130 System Analysts

question 12

Multiple Choice

​The hourly wages of a sample of 130 system analysts are given below. ​ ​
The coefficient of variation equals
​

• A) ​0.30%.
• B) ​30%.
• C) ​5.4%.
• D) ​54%.

Grasp the concept and examples of construct validity.

Recognize the various types of tests and their applicability in assessing cognitive abilities.

Comprehend the principle of concurrent validity and its implication for job performance evaluation.

Understand criterion-related validity and its significance in predicting work behavior.

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Definitions:

Marginal Private Benefits

The additional benefits received by an individual or firm from consuming or producing one extra unit of a good, not considering external effects.

Government Intervention

Actions taken by the government to influence or regulate various activities and outcomes in the economy, such as setting taxes, subsidies, regulations, and price controls.

Marginal Private Benefit

The surplus value that consumers or producers get from buying or making an extra unit of a good or service.

Marginal Private Cost

Marginal private cost is the cost that a producer incurs in making an additional unit of a good or service, excluding any external costs.