Criterion-Related Validity in Predictive Modeling

What is the primary purpose of making inferences on an individual's underlying constructs or attributes?

To predict future job performance
To compare individuals with each other
To determine the validity of the test
To understand the underlying characteristics of an individual (correct)

What is the term for the outcome or result that a predictor variable is trying to forecast?

Criterion (correct)
Inference
Predictor
Attribute

What is the process of making decisions about people based on their test scores?

Inference making
Using inferences to make decisions (correct)
Predictive analytics
Test validation

What is essential for establishing the validity of a test?

Establishing a relationship with other measures of the same factor of interest (D) Signup and view all the answers

What is the term for the relationship between variations in test scores and the hypothesized outcome?

Predictive validity (D) Signup and view all the answers

What is the primary goal of criterion-based assessment?

To determine the validity of a test (A) Signup and view all the answers

What is the purpose of analysing the measurements in inference making?

To determine if the test measures what it is meant to (B) Signup and view all the answers

What is the term for the test conducted to predict a particular outcome?

Predictor (D) Signup and view all the answers

What is the outcome as a result of the predictors used in a criterion-related validity assessment?

Criterion (C) Signup and view all the answers

What is the purpose of correlating test scores with measures of success or outcomes of decisions in criterion-related validity?

To establish the test's accuracy (D) Signup and view all the answers

What is the formula used to calculate confidence intervals in SEM?

X ji ±( Z × [ S EM ] ) (B) Signup and view all the answers

What is the purpose of calculating reliability using the split-half method?

To assess the consistency of the test scores (D) Signup and view all the answers

What is convergence in the context of psychological measurement?

Measures of constructs that should and are related to each other (C) Signup and view all the answers

What is the purpose of establishing criterion-related validity?

To justify the inferences made from the predictor measures (D) Signup and view all the answers

What is discrimination in the context of psychological measurement?

Measures of constructs that shouldn't and aren't related to each other (D) Signup and view all the answers

What is the outcome of ineffective and unfair decisions in the context of criterion-related validity?

Invalid test (C) Signup and view all the answers

What is the formula for calculating the confidence interval in a predictive model?

Y' ± (z × Sest) (B) Signup and view all the answers

What is the purpose of the Brogden-Cronbach-Gleser utility formula?

To determine the utility of a selection procedure (B) Signup and view all the answers

What is the formula for calculating the regression coefficient (b) in a predictive model?

b = std.dev(y)/[std.dev(x) x rxy] (A) Signup and view all the answers

What is the Success Ratio calculated from in a predictive model?

II/(II + III) (B) Signup and view all the answers

What is the purpose of calculating the Standard Error of Estimate (Sest) in a predictive model?

To calculate the confidence interval (A) Signup and view all the answers

What is the purpose of the Return on Investment (ROI) formula in a predictive model?

To calculate the return on investment of a selection procedure (A) Signup and view all the answers

What is the formula for calculating the Overall Accuracy Ratio in a predictive model?

(II + IV)/(I + II + III + IV) (B) Signup and view all the answers

What is the purpose of the Criterion-based Assessment in a predictive model?

To evaluate the predictive validity of a test (A) Signup and view all the answers

What is the primary purpose of demonstrating convergence and discrimination in self-esteem and locus of control?

To support constructs validity (A) Signup and view all the answers

In utility analysis, what is the formula for calculating the average monetary increase when average job performance is known?

Average increase per person × number of selected applicants × years (A) Signup and view all the answers

What is the purpose of using the 40% rule in estimating the standard deviation of job performance (Sy)?

To estimate the standard deviation of job performance (B) Signup and view all the answers

Which of the following is NOT a component of the utility equation when average job performance is known?

Standard deviation of job performance (C) Signup and view all the answers

What is the primary difference between the utility analysis method with and without average job performance?

The use of mean performance versus standardized scores (C) Signup and view all the answers

In the context of utility analysis, what does the term 'utility' refer to?

The difference between the increase and costs of a selection procedure (C) Signup and view all the answers

Which of the following is a criterion-based assessment approach?

Utility analysis method (A) Signup and view all the answers

What is the primary purpose of using standardized scores in utility analysis when average job performance is not known?

To facilitate the comparison of applicants across different groups (D) Signup and view all the answers