Evaluations of the Seven-Point Prediction Scale Generated by Rand Found

question 36

Multiple Choice

Evaluations of the seven-point prediction scale generated by Rand found that

• A) it was correct 51% of the time but grossly wrong 7% of the time
• B) it produced twice as many correct predictions as judges were able to do
• C) it was able to predict chronic offending in juveniles more accurately than in adults
• D) it was highly racist which prevented an accurate evaluation of its effectiveness

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Definitions:

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, which may include Social Security, Medicare, and unemployment taxes.

Gross Earnings

Total compensation earned by an employee.

Direct Labor Hour

A measure of labor input, which is the time spent by workers directly manufacturing a product.

Direct Materials

Direct materials are raw materials that are directly used in the manufacturing process of a product and are easily traceable to it.