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A scale developer is super excited about a new instrument for measuring family resilience; s/he boasts that is highly reliable and has a Cronbach's alpha of .99. The developer also mentions the scale if 150 items long. Thinking that a family would have to be very resilient to get all the way through that assessment instrument, you suggest that the scale developer:
a. leave assessment development to the experts.
b. try to get a Cronbach's alpha of .99 by adding similar items.
c. use statistical techniques to reduce the number of items and response burden for persons taking the instrument.
d. none of the above.
Both split-half and internal consistency:
a. are determined from a single administration of a test.
b. are seriously subject to time sampling errors.
c. involve parallel forms of a scale or test.
d. are preferred measures of validity.
1. Explain the Labor and Land Market in Input Demand. 2. What is input productivity? How is productivity being measured?
Suppose that inflation averages 3% over the next few years. Would you rather experience a constant 3% inflation or an inflation what was randomly 2% or 4%. Explain.
Describe how these retailers could adopt a solutions marketing focus to serve those customers.
What is the relationship between economies of scale and a natural monopoly? Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?
A fiscal impact statement:
Suppose that net returns are $700 per acre and expected rates of return are 15%, then the estimated land value per acre is:
Assume the government now imposes a (binding) maximum legal price for physician office visits (i.e. a price ceiling on the physician office visits). Under what condition would such a policy make a difference in the market (i.e. cause a market distort..
What do you think will happen to the price and quantity of DVDplayers. What is the difference between economies of scale and economies of scope? Provide examples for each of them (one example for each of them will be sufficient)?
If Average Total Costs are 16.83 at 6 units of output, what are Total Costs?
Show how the lottery winning affect your budget line. After winning the lottery you continue to work the same amount of hours every day. What is the income effect of the lottery gain? Now your employer increases your hourly wage. Using the income eff..
You supervise an aging production line that constantly needs maintenance and new parts. Last month you spent $25,000 replacing a failed controller. Should the following plan be accepted if the interest rate is 15%. The net installed cost of the new l..
Reflect on the following:What do you think was the most important topic, or what was the most personal to you this week?
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