One Way to Test If a Measure's Stability Is to Use

question 2

Multiple Choice

One way to test if a measure's stability is to use the ____________ method.

• A) Cohort
• B) Inter-observer consistency
• C) Cronbach's alpha
• D) Test-retest method

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Definitions:

Probability

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Utility Function

A mathematical representation of how consumer preferences over a set of goods and services translate into choices given their budget constraint.

Probability

Probability measures the likelihood of a particular outcome or event occurring, expressed as a number between 0 and 1.

Utility Function

A mathematical representation that ranks preferences or satisfaction derived from consuming goods and services.