Utility Flashcards
The practical value of using a test to aid in decision making and improve efficiency. It also refers to the practical value of a training program or intervention.
Utility
The practical value of the information derived from scores of the test.
Index of utility
The higher the _ validity of test scores for making a particular decision, the higher the utility of the test is likely to be.
Criterion- related validity
The disadvantages, losses of expenses in both economic and non economic terms. It is the expenditures associated with testing or not testing.
Costs
It refers to profits, gains or advantages. It should justify the costs of administering, scoring and interpreting the test.
Benefits
It may be undertaken for the purpose of evaluating whether the benefits of using a test outweight the costs.
Utility analysis
Provides an estimate of the extent to which inclusion of a particular test in the selection system will improve selection. The tables provide an estimate of the percentage of employees hired by the use of a particular test who will be successful at their jobs.
Taylor-Russell tables
The computed validity coefficient in Taylor-Russell tables.
Test’s validity
The numerical value that reflects the relationships between the number of people to be hired and the number of people available to be hired in Taylor-Russell tables.
Selection Ratio
It is the percentage of people hired under the existing system for a particular position, in the Taylor-Russell tables.
Base Rate
What are the 3 variables in Taylor-Russell tables?
Test’s validity
Selection Ratio
Base rate
One limitation of the Taylor-Russell tables is that the relationship between the predictor (test) and the criterion (rating of performance) must be _.
Linear
Entails obtaining the difference between the means of the selected and unselected groups to derive an index of what the test is adding to already established procedures. Used in utility analysis.
Naylor-Shine tables
The Naylor-Shine tables determine the increase in average score on some criterion measure while the Taylor-Russell determine the increase over _ procedures.
Current
The validity coefficient with both the Taylor-Russell and the Naylor-Shine tables must be obtained by _ validation procedures.
Concurrent validation
It is used to calculate the dollar amount of a utility gain resulting from the use of a particular selection instrument under specified conditions.
The Brogden-Cronbach-Gleser formula
It refers to an estimate of the benefit of using a particular test or selection method.
Utility gain
The estimated increase in work output.
Productivity gain
The value of a test lies in the extent to which its use improves the _ that exists without its use.
Hit rate
It means correct classification.
Hit