Graduate Students at a Local College Wanted to Predict the Probability

question 30

Essay

Graduate students at a local college wanted to predict the probability of success for each first-year student. During the summer, they developed a multiple choice test with 50 items based on interviews from first-year students at the end of the previous year. When they asked permission to give the test to this year's students, the dean asked for evidence of test reliability and validity. The graduate students replied the test showed a coefficient alpha of .92 and that the test had evidence of validity based on content. The dean replied that validity evidence based on content validity was not good enough. The dean asked them to submit a plan for gathering evidence of validity based on the tests relations with some external criteria. Provide a plan for a validation study that the graduate students can give to the dean.

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Definitions:

Monitoring

The process of supervising activities or individuals to ensure compliance, performance, or progress towards objectives.

Homeowner Bailouts

Financial assistance programs designed to help homeowners facing foreclosure, often as a result of economic crises, by providing refinancing, loan modifications, or other aids to prevent loss of their homes.

Moral Hazard

A situation where one party engages in risky behavior knowing that they are protected against the consequences, often because another party bears the cost.

Irresponsible Borrowings

Financial behavior that involves taking on debt in ways that are unsustainable or without a plan to manage repayment, leading to potential financial harm.