Most Prison Inmates in the U

question 50

True/False

Most prison inmates in the U.S. are racial and ethnic minorities.

Comprehend different types of reliability and how they are applied to ensure consistency of psychological tests.

Apply knowledge of validity types to evaluate psychological tests and measurements.

Identify and understand the role of construct validity in reflecting underlying ideas in tests.

Interpret the relationship between test-retest reliability and temporal stability of measures.

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Definitions:

Average Fixed Cost (AFC)

A firm’s total fixed cost divided by output (the quantity of product produced).

Marginal Cost (MC)

The extra (additional) cost of producing 1 more unit of output; equal to the change in total cost divided by the change in output (and, in the short run, to the change in total variable cost divided by the change in output).

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.