Iop 3701 - Study guides, Class notes & Summaries

QUESTION 1 Differentiate between inter-item consistency and inter-scorer (rater) reliability. (5) INTER- ITEM INTER-SCORER Based on the consistency of ratings of a single rater. Based on the consistency of ratings between more than one rater. Inter -item are applicable to items that have a multiple- choice format. Inter-scorer is applicable to open-ended questions, projective techniques and individual intelligence tests Applicable to measures with highly standardised procedures for ...

Assignment 02 for IOP 3701, completed in 2016, passed entire subject with score of 68%

QUESTION 1.1 Differentiate between the following terms/concepts a. Prospect and Probability Distribution • Prospect – A series of wealth outcomes, each of which is associated with a probability • Probability Distribution – A mathematical function that provides the probabilities of occurrence of different possible outcomes b. Utility Function and Expected Utility • Utility Function – A mathematical function which ranks alternatives according to utility to the individual • ...

October - November exam memo - questions and their answers