The Term Reliability, as Used in Testing and Assessment, Refers

question 12

Multiple Choice

The term reliability, as used in testing and assessment, refers to which of the following?

• A)accuracy of test construction
• B)method of test interpretation
• C)test or assessment results
• D)method of test construction

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Definitions:

Spare Parts

Components kept on hand for the purpose of replacing failed or worn-out parts in order to maintain the functioning of machinery or equipment.

Equivalent Annual Cost

A financial analysis tool used to compare the cost-effectiveness of two or more investment projects with differing lifespans by calculating the annual cost of each project over its life.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Equivalent Annual Cost

A financial analysis tool used to compare the cost effectiveness of two or more alternatives with different lifespans expressed on an annual basis.