Suppose People Take a Given IQ Test Twice

question 106

Multiple Choice

Suppose people take a given IQ test twice. Those who got the highest scores the first time get scores much closer to the class average the second time. The test must have

• A) high validity.
• B) high reliability.
• C) average validity.
• D) low reliability.

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Definitions:

Mutual Fund Shares

Investments representing units of ownership in a mutual fund, where the fund pools money from many investors to purchase a diversified portfolio of securities.

Macroeconomist

An economist who studies broad economic factors, including inflation, national income, and unemployment, and how they interact on a large scale.

Budget Deficit

The situation where a government's expenses exceed its revenues over a specified period of time.

Budget Surplus

A financial situation where a government's income exceeds its expenditures over a given period.