The Reliability Coefficient of a New Instrument Designed to Measure

question 23

Multiple Choice

The reliability coefficient of a new instrument designed to measure anxiety is established at 0.86.What is the correct interpretation of this finding?

• A) High error variance; high reliability
• B) High error variance; low reliability
• C) Low error variance; high reliability
• D) Low error variance; low reliability

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Definitions:

Monopolistically Competitive

Describing a market structure in which many firms sell products or services that are similar but not identical, allowing for differentiation and some degree of market power.

Short Run

A period in economics during which at least one factor of production is considered fixed, typically focusing on the immediate effects of economic decisions.

Monopolistic

Pertaining to a market structure where there is only one producer or seller for a product or service, limiting competition.

Marginal Revenue

The extra income a company earns by selling an additional unit of a product or service.