In the Three-Parameter IRT Model, the Lower Asymptote of the ICC

question 3

Multiple Choice

In the three-parameter IRT model, the lower asymptote of the ICC is often called the:

• A) slope
• B) theta
• C) guessing parameter
• D) difficulty parameter

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Definitions:

Sequential Game

A strategic game where players make moves one after another rather than simultaneously.

Monopolized

A market structure dominated by one supplier, with no close substitutes for the product or service, giving the supplier significant control over prices and output.

Simultaneous Game

A strategic scenario where players make their decisions or moves at the same time without knowledge of the other players' choices.

Simultaneous Game

A type of game in strategic game theory where all players make their decisions at the same time, without knowledge of the others' choices.