Figure 9.4 in the text showed the development of a multi-item scale. Discuss the development process
What will be an ideal response?
Data are collected on the reduced set of potential scale items from a large pretest sample of respondents. The data are analyzed using techniques such as correlations, factor analysis, cluster analysis, discriminant analysis, and statistical tests. As a result of these statistical analyses, several more items are eliminated, resulting in a purified scale. The purified scale is evaluated for reliability and validity by collecting more data from a different sample. On the basis of these assessments, a final set of scale items is selected. As can be seen from Figure 9.4 in the text, the scale development process is an iterative one with several feedback loops.
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Two or more words used together to modify one noun or pronoun form a(n) _____ adjective
Fill in the blank(s) with correct word
In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals
Indicate whether the statement is true or false
Mary Pickford is an analyst for Munford Stanley, an investment banker. She has touted the stock, an initial primary offering (IPO), of an obscure biotech firm as a "must buy.". Munford Stanley is the underwriter for the IPO. Pickford:
a. Does not have a conflict of interest. b. Has a conflict of interest, but it is acceptable in IPOs. c. Has a conflict of interest that must be disclosed to all purchasers. d. Does not have a conflict of interest, but Munford Stanley does. e. None of the above
Ace's Business Forms pays 8 percent on short-term funds and 10 percent on long-term funds
Determine its annual financing costs using the trade-off strategy described: Ace's Business Forms has seasonal financing requirements ranging from zero to $50,000 per month. Based on this range, the firm has decided to finance $25,000 per month of the seasonal funds with long-term debt and the rest of the seasonal funds with short-term debt. The permanent funds requirement will be financed with long-term funds. (See Table 14.3 )