Which of the Following Tests Should Have the Highest Internal-Consistency

question 7

Multiple Choice

Which of the following tests should have the highest internal-consistency reliability?

• A)Test A: 10 items,average inter-item correlation = .20
• B)Test B: 5 items,average inter-item correlation = .10
• C)Test C: 10 items,average inter-item correlation = .10
• D)Test D: 5 items,average inter-item correlation = .20
• E)Test E: 7 items,average inter-item correlation = .14

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Definitions:

Fair Market Value

The estimated price at which an asset or service would exchange hands between a willing buyer and seller, both having reasonable knowledge of the relevant facts.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a bond or stock certificate.

Common Stock

A type of security representing ownership in a corporation, with holders having a claim on part of the company’s assets and earnings.

Dividends

Payments made by a corporation to its shareholder members, usually as a distribution of profits.