A Researcher Evaluates the Internal Consistency (Reliability)a Newly Developed Scale

question 1

Multiple Choice

A researcher evaluates the internal consistency (reliability) a newly developed scale used in a pilot study and notes a Cronbach alpha coefficient of space 0.72.The researcher will

• A) compare the measure with scores from another group of subjects.
• B) test the scale for validity prior to using it in another study.
• C) try another measure with better reliability in another pilot study.
• D) use the scale in the larger study and continue to monitor coefficient results.

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Definitions:

Purely Competitive Seller

A seller operating in a market where there are many buyers and sellers, no barriers to entry, and products are homogenous, leading to perfect competition.

Total Fixed Cost

The sum of all costs that do not change with the level of output, such as rent, salaries, and insurance premiums.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a business to adjust to changing market conditions fully.

Variable Cost

A cost that increases when the firm increases its output and decreases when the firm reduces its output.