A Perfect Fitting Model Would Have a Likelihood Equal to 1

question 16

True/False

A perfect fitting model would have a likelihood equal to 1 and -2LL equal to 0.

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Definitions:

Balance Sheet Approach

A compensation system designed to match the purchasing power in a person’s home country.

Culture Shock

The feeling of disorientation and discomfort that comes from encountering a culture with very different norms and expectations.

Wages and Benefits

The compensation given to employees for their labor including hourly or salaried pay and additional perks or advantages such as health insurance, retirement plans, and paid time off.

Norway and Denmark

Two separate sovereign countries in Northern Europe, known for their high standards of living and comprehensive social welfare systems.