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Suppose Joe earns $1,000 in Year 1 and $0 in Year 2. Any amount he saves will earn interest at a rate of 10%. Draw Joe's budget line.
Alternate-form Reliability
A measure of consistency where two versions of a test that are considered equivalent are given to the same participants at different times to assess consistency of scores.
Internal Consistency
A measure used to evaluate the reliability of a test or scale, indicating how well the various items assess the same characteristic.
Split-half Reliability
A measure of consistency where a test is divided into two parts and the scores from each half are compared to assess the test's reliability.
Coefficient Alpha
A statistic that is used to measure the internal consistency or reliability of a psychometric instrument.
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