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Suppose That I Performed a Reliability Analysis to Determine Whether

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Suppose that I performed a reliability analysis to determine whether high school students' grades in four different subjects (English, Math, Science, Social Studies) formed a reliable scale with a high Cronbach's alpha. I performed the analysis and got the results presented in the two tables below.
 Reliab ility Statistics  Cronbach’s  Alpha  N of Items .8924\begin{array}{c}\text { Reliab ility Statistics }\\\begin{array}{|r|r|}\hline \begin{array}{c}\text { Cronbach's } \\\text { Alpha }\end{array} & \text { N of Items } \\\hline .892 & 4 \\\hline\end{array}\end{array}  Scale Mean  if Item  Deleted  Scale  Variance if  Item Deleted  Corrected  Item-Total  Correlation  Cronbach’s  Alpha if Item  Deleted  English grade 21.9358111.296.769.859 Math grade 23.1301109.392.700.886 Science grade 22.1658105.074.801.847 Social studies grade 21.5330110.514.787.853\begin{array}{|l|c|r|r|r|}\hline & \begin{array}{c}\text { Scale Mean } \\\text { if Item } \\\text { Deleted }\end{array} & \begin{array}{c}\text { Scale } \\\text { Variance if } \\\text { Item Deleted }\end{array} & \begin{array}{c}\text { Corrected } \\\text { Item-Total } \\\text { Correlation }\end{array} & \begin{array}{c}\text { Cronbach's } \\\text { Alpha if Item } \\\text { Deleted }\end{array} \\\hline \text { English grade } & 21.9358 & 111.296 & .769 & .859 \\\text { Math grade } & 23.1301 & 109.392 & .700 & .886 \\\text { Science grade } & 22.1658 & 105.074 & .801 & .847 \\\text { Social studies grade } & 21.5330 & 110.514 & .787 & .853 \\\hline\end{array} a. What is the reliability of this scale, as indicated by the Cronbach's alpha. Is this a high or low level of reliability?
b. Which item seems to be contributing the least to the overall Cronbach's alpha?
c. Which item, if any, would you recommend removing from this scale?


Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a good or service; it's a crucial concept for decision-making in businesses.

Economic Profit

The total revenue of a business minus its explicit and implicit costs, representing the surplus remaining after accounting for all costs, including opportunity costs.

Accounting Profit

The net income of a company after subtracting all costs and expenses from total revenues, as shown in the financial statements.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are close substitutes, leading to price determination through supply and demand.

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