Dr Li Is Interested in Creating a Measurement of Religiosity

question 42

Essay

Dr. Li is interested in creating a measurement of religiosity. According to the dictionary, religiosity is "the quality of being religious; piety; devoutness." He creates a measure comprising 10 statements. People respond to each statement using the following scale (1 = strongly disagree, 3 = neither agree nor disagree, 5 = strongly agree). Some of the statements are below.
Statement 1: "I believe in a religion."
Statement 2: "Part of who I am stems from my religious beliefs."
Statement 3: "I believe that religion is unnecessary."
Given the situation above, explain the difference between criterion validity, convergent validity, and discriminant validity. Why is each one important?

---

Definitions:

Lower Taxes

Reductions in the amount of tax imposed by a governmental authority.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting its liquidity.

Financial Lease

A financial lease is a lease in which the lessee has substantially all the risks and rewards incidental to ownership of the leased asset, often with an option to purchase the asset at the end of the lease term.

Capital Lease

A lease classified as a purchase by the lessee, obligating them to record the leased asset as an owned asset in their financial statements.