The Means for Both Test a and Test B Are

question 18

Multiple Choice

The means for both Test A and Test B are 50. A 50% confidence interval for a score at the mean is 44-55 for Test A and 42-58 for Test B. Which of the following statements is true?

• A) Test A is more reliable than Test B.
• B) Test B is more reliable than Test A.
• C) Test A has a larger SEM than Test B.
• D) Test B has a larger SEM than Test A.

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Definitions:

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A pricing strategy that sets prices based on the customer's perceived value of the product or service, rather than the seller's cost.

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An estimated cost given to consumers for a product or service, not necessarily the final price.

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A U.S. federal agency established to enforce laws related to consumer protection and competition between businesses.