What is criterion validity?
What will be an ideal response?
Correlating high test scores (the predictor) with good job performance ( the criterion) by those taking the test.
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When used for classification purposes, the ________ scaled numbers serve as labels for classes or categories
A) ordinally B) intervally C) nominally D) ratio scale
The following information was taken from Andson Company's accounting records: Increase in raw materials inventory ................... $ 7,500 Decrease in finished goods inventory .................. 17,500 Raw materials purchase ................................ 215,000 Direct-labor payroll .................................. 100,000 Factory overhead ...................................... 150,000
Freight-out ........................................... 22,500 There was no work-in-process inventory at the beginning or end of the year. Andson's cost of goods sold is a. $497,500. b. $487,500. c. $482,500. d. $475,000.
The average monthly sales for a retailer always result in a monthly sales index of 100
Indicate whether the statement is true or false
______ population source theoretically represents systems that potentially have a large number of possible customers.
a. Limited b. Constant c. Infinite d. Discrete