There Are Three Major Ways to Determine Whether a Test

question 49

Multiple Choice

There are three major ways to determine whether a test is reliable. With the _______ method, several people each take the same test twice.

• A) repeat reliability
• B) test-retest reliability
• C) dual reliability
• D) alternate forms reliability

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Definitions:

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Demand Function

An equation that describes the quantity of a good or service demanded at different prices.

Utility

The satisfaction or pleasure that a consumer derives from consuming a good or service.

Income

The total amount of money received by an individual or generated by an entity, typically on a regular basis, from various sources such as wages, investments, or business ventures.