he true consumerOs willingness to pay (WTP) is 6. Now we measure this WTP 10 times, and the measured scores are 8.4, 8.5, 8.3, 8.3, 8.6, 7, 8.5, 8.6, 8.4, 8.4. Which of the following is the most appropriate description of the measurements?" O High validity but low reliability O High validity and high reliability O Low validity and high reliability ) Low validity and low reliability

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 3BGP
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"The true consumerõs willingness to pay (WTP) is 6. Now we measure this WTP 10 times, and the measured scores are 8.4, 8.5, 8.3, 8.3, 8.6,
8.7, 8.5, 8.6, 8.4, 8.4. Which of the following is the most appropriate description of the measurements?"
O High validity but low reliability
O High validity and high reliability
O Low validity and high reliability
O Low validity and low reliability
Transcribed Image Text:"The true consumerõs willingness to pay (WTP) is 6. Now we measure this WTP 10 times, and the measured scores are 8.4, 8.5, 8.3, 8.3, 8.6, 8.7, 8.5, 8.6, 8.4, 8.4. Which of the following is the most appropriate description of the measurements?" O High validity but low reliability O High validity and high reliability O Low validity and high reliability O Low validity and low reliability
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