How Does a Deviation IQ Score Differ from Stern's IQ

question 4

Multiple Choice

How does a deviation IQ score differ from Stern's IQ formula?

• A) A deviation IQ reveals how a child performed relative to all children of the same age.
• B) Calculating a deviation IQ score involves dividing a child's mental age by the child's chronological age.
• C) Calculating Stern's IQ formula involves expressing scores in standard deviation units.
• D) Wechsler's standardization procedure for the deviation IQ ignored individuals' ages.

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Definitions:

Substitution Effect

The change in demand for a good due to a change in its price, leading consumers to substitute it with another product.

Output Effect

When the price of any resource rises, the cost of production rises, which, in turn, lowers the supply of the final product. When supply falls, price rises, consequently reducing output.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding all other factors constant.

Additional Revenue

Income gained from any additional unit of output or sale beyond the current level of production or service.