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PSY 11 Module 7: Utility
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PSY 11 Module 7: Utility

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Questions and Answers

What is another term for norm-referenced cut score?

Norm-referenced cut score is also referred to as a relative cut score.

Which method for setting fixed cut scores involves judgments from an expert panel?

  • IRT-Based Methods
  • Angoff Method (correct)
  • Bookmark method
  • Known Groups Method
  • Low inter-rater reliability is a weakness of the Angoff Method.

    True

    In the IRT framework, each item is associated with a particular level of ________.

    <p>difficulty</p> Signup and view all the answers

    Match the expert method of setting cut scores with its description:

    <p>Item-mapping method = Involves experts being presented with sample items to determine difficulty level as cut score Bookmark method = Experts place a 'bookmark' between items that separate passing from failing individuals</p> Signup and view all the answers

    Define utility in the context of testing and assessment.

    <p>Utility in the context of testing and assessment is defined as the usefulness or practical value of testing to improve efficiency.</p> Signup and view all the answers

    What factors affect a test's utility?

    <p>All of the above</p> Signup and view all the answers

    What is a utility analysis?

    <p>A utility analysis is a family of techniques that entail a cost-benefit analysis designed to yield information relevant to a decision about the usefulness and practical value of an assessment tool.</p> Signup and view all the answers

    The ________ formula provides an estimate of the benefit of using a particular test or selection method.

    <p>Brogden-Cronbach-Gleser (BCG)</p> Signup and view all the answers

    Complex jobs may require different utility analysis methods based on their complexity.

    <p>True</p> Signup and view all the answers

    Study Notes

    Module Overview: Utility in Psychological Assessment

    • The module discusses the properties of good test utility, including different methods of utility estimation in test development.

    Learning Objectives

    • Explore different methods of setting cutoff scores
    • Determine the importance of utility analysis in test standardization
    • Compare and contrast different methods of setting cutoff scores
    • Value the characteristics of a good test

    What is Utility?

    • Utility in the context of testing and assessment refers to the usefulness or practical value of testing to improve efficiency.
    • It refers to the practical value of using a test to aid in decision-making.

    Factors Affecting a Test's Utility

    • Psychometric soundness: a test is said to be psychometrically sound if reliability and validity coefficients are acceptably high.
    • Costs: economic, financial, or budget-related factors that must be taken into account in utility analysis.
    • Benefits: profits, gains, or advantages of using a test, including economic and non-economic benefits.

    Utility Analysis

    • A utility analysis is a family of techniques that entail a cost-benefit analysis to yield information relevant to a decision about the usefulness and practical value of a tool of assessment.
    • It involves evaluating whether the benefits of using a test outweigh the costs.

    Conducting a Utility Analysis

    • Expectancy data: an expectancy table provides an indication of the likelihood that a test-taker will score within a certain interval of scores on a criterion measure.
    • The Brogden-Cronbach-Gleser formula: a formula used to estimate the dollar amount of a utility gain resulting from the use of a particular selection instrument under specified conditions.

    Methods for Setting Cut Scores

    • The Angoff Method: a method for setting fixed cut scores that involves expert judgments about how a person with a particular trait or ability would respond to test items.
    • The Known Groups Method: a method that involves collecting data on the predictor of interest from groups known to possess and not to possess a trait, attribute, or ability.
    • IRT-Based Methods: methods that use item response theory to set cut scores, including the item-mapping method and the bookmark method.
    • Other Methods: the method of predictive yield, regression, and discriminant analysis are also used to set cut scores.

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    Quiz Team

    Description

    This quiz assesses understanding of Module 7 concepts in PSY 11, focusing on the topic of utility. Test your knowledge of psychological principles and theories related to utility.

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