The Model for Selection in Question #23 Is Used Instead

question 12

Multiple Choice

The model for selection in question #23 is used instead of others because

• A) it calculates a more accurate error term
• B) its normally-distributed error is somewhat easier to work with
• C) it predicts more accurately the factor loading
• D) its Gumbel-distributed error is somewhat easier to work with

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from the mean.

Mean

The average value of a set of numbers, calculated by dividing the sum of these numbers by the count of numbers in the set.

Population Standard Deviation

A measure of the dispersion or spread of a set of data points in a population, calculated as the square root of the variance.

Confidence Interval

A spectrum of values obtained from sample data, which has a high probability of encompassing an unknown characteristic of the entire population.