Cronbach's Alpha Refers To

question 87

Multiple Choice

Cronbach's alpha refers to:

• A) the degree to which individual measurements of a variable differ from one another.
• B) a statistic used to indicate how much, on average, an individual score differs from the arithmetic mean of the scores.
• C) a statistic used to evaluate the internal consistency reliability of a scale.
• D) the conclusion a researcher makes when the probability is that one's hypothesis is unlikely to be incorrect given the data collected.

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Definitions:

Maximum Price

A price cap, often set by regulators, beyond which a product or service cannot be sold to prevent exploitation or ensure affordability.

Additional Unit

An extra item or quantity added to an existing lot or production level.

Law of Demand

An economic principle stating that as the price of a product decreases, consumer demand for the product will increase, and vice versa.

Inverse Relationship

A situation where two variables move in opposite directions, meaning as one variable increases, the other decreases.