To Determine Whether or Not an IQ Test Is Biased

question 162

Multiple Choice

To determine whether or not an IQ test is biased against some minority group, we need to determine

• A) whether the range and standard deviation of the test are the same for minority group members as for other people.
• B) whether the authors of the test consulted minority group members during the composition of the test.
• C) whether the average score is lower for minority group members than for other people.
• D) whether the minority group members do better in school than the test scores predict.

Examine how changes in fixed expenses affect break-even sales.

Calculate the break-even point in units.

Evaluate the impact of shifts in sales mix on total profits.

Understand the concept and computation of least-squares regression method.

---

Definitions:

Supply Curve

An illustrated depiction that maps out the connection between a product's price and the volume of the product that providers are ready to sell.

Supply

The total amount of a product or service that is available for consumers.

Demand

The quantity of a product or service that consumers are willing and able to buy at various prices during a certain period.

Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and ease of entry and exit, which leads to price tending towards marginal cost.