If the Odds for You Getting a Credit Card Solicitation

question 162

Multiple Choice

If the odds for you getting a credit card solicitation in the mail this month are 1 to 4,then which of the following statements is true?

• A)The probability of getting a credit card solicitation is 0.25.
• B)The probability of getting a credit card solicitation is 0.20.
• C)The probability of getting a credit card solicitation is 0.80.
• D)The probability of getting a credit card solicitation is 0.75.

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Definitions:

Construct Validity

The degree to which a measurement device accurately measures the theoretical construct it is designed to measure.

Reliability

The consistency and stability of measurements or assessments over time.

Validity

The degree to which a tool, test, or measure accurately represents or measures what it claims to.

Variability

The extent to which data points in a set differ from each other and from the average, indicating the spread or dispersion.