Discuss the Difference Between Validity and Reliability When Making Measurements

question 36

Essay

Discuss the difference between validity and reliability when making measurements. Give an example of each.
a. Select two probability sampling techniques and explain why each is an example of probability. Give an example of a research project that would be appropriate for each sampling technique.
b. Select two non-probability sampling techniques and explain why each is an example. Give an example of a research project that would be appropriate for each sampling technique.

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Definitions:

Effective Interest Rate

The actual return on an investment or the real cost of borrowing, accounting for the effect of compounding interest.

Compounded Monthly

The calculation of interest on the principal amount where the interest accrued is added to the principal every month, allowing for the accumulation of interest on interest.

Capital Cost

The total acquisition cost of an asset, including the purchase price and costs associated with its acquisition and preparation for use.

Quarterly Compounded Nominal Rate

A nominal interest rate compounded four times a year.