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Exhibit 9-7: The following results were obtained when two forms of a criterion-referenced test were administered to a sample of 50 students:
Form 1
Nonmaster Master
-Refer to Exhibit 9-7.Calculate the index that shows the extent of agreement beyond that expected by chance (phi) .
CPI
Stands for Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate the economy's inflation rate.
Real Wages
Wage increases larger than rises in the consumer price index; that is, the real earning power of wages
Expectancy Theory
A motivation theory suggesting that individuals are more likely to act in a certain way based on the expectation that the act will be followed by a given outcome and the attractiveness of that outcome.
Pay Systems
Structures within an organization that determine how employees are compensated for their work, including wages, salaries, benefits, and incentives.
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