What Are the Steps Involved in Instrument Development? (Select All

question 7

Multiple Choice

What are the steps involved in instrument development? (Select all that apply.)

• A) Clarify the target population
• B) Define concept to be measured
• C) Develop items
• D) Estimate reliability and validity
• E) Statistically analyze individual items
• F) Develop implications from the item analysis

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Definitions:

Borrowing Rate

The interest rate that a financial institution charges a borrower for the use of money.

Principal

The original sum of money borrowed in a loan, or the amount of the loan that has yet to be repaid, excluding interest.

Annual Payments

Regular payments made yearly, often referring to the interest or dividends paid by bonds or stocks.

Compounded Annually

This term refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods, with the compounding occurring once per year.