How Does the Current Edition of Standards for Educational and Psychological

question 29

Multiple Choice

How does the current edition of Standards for Educational and Psychological Testing conceptualize validity?

• A)Validity is a non-statistical measure for non-quantitative tests.
• B)Validity should only be assessed when reliability is low.
• C)Validity is a unitary concept that represents all evidence.
• D)Only one type of validity must be high and the others can be low.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.

Consumer Surplus

The contrast between the aggregate amount buyers are willing to shell out for a good or service and the total they actually do.

Total Surplus

The combined benefit that both consumers and producers receive from a transaction, comprising consumer and producer surplus.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e., the market price).