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Modigliani risk-adjusted performance (also known as M 2, M2, Modigliani–Modigliani measure or RAP) is a measure of the risk-adjusted returns of some investment portfolio. It measures the returns of the portfolio, adjusted for the risk of the portfolio relative to that of some benchmark (e.g., the market).
A multiple-choice test provides the test taker with questions paired with a pre-determined list of possible answers. It is a type of closed-ended question . The test taker chooses the correct answer from the list.
Multiple choice questions lend themselves to the development of objective assessment items, but without author training, questions can be subjective in nature. Because this style of test does not require a teacher to interpret answers, test-takers are graded purely on their selections, creating a lower likelihood of teacher bias in the results. [8]
In psychometrics, item response theory (IRT, also known as latent trait theory, strong true score theory, or modern mental test theory) is a paradigm for the design, analysis, and scoring of tests, questionnaires, and similar instruments measuring abilities, attitudes, or other variables.
The Achievement Test in English Composition, later SAT II: Writing, was a one-hour standardized test given on English composition by the College Entrance Examination Board as part of college admissions in the United States. A student chose whether to take the test depending upon the entrance requirements for the schools in which the student was ...
The Miller Analogies Test (MAT) was a standardized test used both for graduate school admissions in the United States and entrance to high I.Q. societies.Created and published by Harcourt Assessment (now a division of Pearson Education), the MAT consisted of 120 questions in 60 minutes (an earlier iteration was 100 questions in 50 minutes).
A test method is a method for a test in science or engineering, such as a physical test, chemical test, or statistical test. It is a definitive procedure that produces a test result. [ 1 ] In order to ensure accurate and relevant test results, a test method should be "explicit, unambiguous, and experimentally feasible.", [ 2 ] as well as ...
Expository writing is a type of writing where the purpose is to explain or inform the audience about a topic. [13] It is considered one of the four most common rhetorical modes. [14] The purpose of expository writing is to explain and analyze information by presenting an idea, relevant evidence, and appropriate discussion.