What Type of Validity Ensures That the Measure Adds to the Prediction

question 25

Multiple Choice

What type of validity ensures that the measure adds to the prediction of a criterion above what can be predicted by other sources of data?

• A) Content validity
• B) Concurrent validity
• C) Discriminate validity
• D) Incremental validity

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Definitions:

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus how much they actually receive.

Price

The budgeted sum anticipated, imposed, or tendered in indemnity for something.

Surplus Amount

The excess quantity of a product that occurs when the supply of the product exceeds the demand for it at a given price.

Consumer Surplus

A measure of the difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.