Construct Equivalence Is Concerned with Whether the Researcher and the Subjects

question 52

Multiple Choice

Construct equivalence is concerned with whether the researcher and the subjects of the research view a particular concept in the same way. The specific perspectives of construct equivalence are:

• A) functional, definitional, social and market structure.
• B) functional, translational, social and temporal.
• C) functional, conceptual, transformational and translational.
• D) functional, conceptual, definitional and temporal.
• E) functional, conceptual, translational and definitional.

Identify and understand the limitations and biases of the CPI.

Understand the calculation of inflation rates using CPI data.

Learn about the frequency and scope of CPI data collection and updates.

Understand the components and purpose of the Consumer Price Index (CPI).

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Definitions:

Expected Frequency

The predicted frequency of occurrences in a category based on the application of a statistical model or the distribution assumption.

Chi-Square

A statistical method employed to assess whether a notable difference exists between the frequencies that are observed and those that are anticipated across one or more categories.

Row Variable

A variable represented by rows in a table or matrix, often used to define or categorize the data horizontally.

Column Variable

A variable represented by columns in a dataset, where each column contains values of the variable for each observation.