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If demand is elastic,a decrease in quantity will cause the total spending to
Construct Validity
The extent to which a test or instrument accurately measures the theoretical construct or concept it is intended to assess.
Assessing Methods
Various techniques or procedures used to evaluate or measure the knowledge, skills, abilities, or characteristics of individuals or groups.
Validity Coefficient
Numeric value representative of the relative strength of an assessment’s validity.
Ratio
A mathematical expression that represents the relationship between two numbers, indicating how many times one value contains or is contained within the other.
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