________ Is Used as an Estimate of Reliability When One

question 1

Multiple Choice

________ is used as an estimate of reliability when one administers the same test to the same people at two different points in time, and then compares the test scores at time 2 with the scores at time 1.

• A) Equivalent form estimate
• B) Retest estimate
• C) Internal consistency
• D) Criterion validity

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Definitions:

Risk Averse

Condition of preferring a certain income to a risky income with the same expected value.

Expected Benefit

The anticipated or forecasted gain or advantage that arises from a specific action or decision, often considered in cost-benefit analysis.

Subjective Probabilities

Individual assessments or beliefs about the likelihood of future events, based on personal judgment rather than objective data.

Microeconomic Analysis

The examination of the economic behavior of individuals, households, and firms, focusing on market mechanisms and the determination of prices and quantities in specific markets.