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-Refer to the above figure. If the government imposes a price ceiling of $60
NCE Type Scores
NCE Type Scores, or Normal Curve Equivalent scores, are standardized test scores that range from 1 to 99, representing a test taker's position relative to a norming group on a normal curve.
Internal Consistency
A measure of the reliability of a test or scale; assessing if various items that propose to measure the same general construct produce similar scores.
Licensure Exam
A licensure exam is a standardized test that individuals must pass to receive a professional license in a specific field or occupation.
Mean
A statistical measure that represents the average value of a set of numbers, calculated by dividing the sum of all values by the number of values.
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