Utility Flashcards
usefulness or practical value of testing to improve efficiency
Can tell us something about the practical value of the information derived from scores on the test
Helps us make better decisions
Utility
Higher criterion-related validity = _________
higher utility
One of the most basic elements in utility analysis is _________ of the selection device
financial cost
disadvantages, losses, or expenses both economic and noneconomic terms
Cost
profits, gains or advantages
o The cost of test administration can be well worth it if the results is certain noneconomic benefits
Benefit
family of techniques that entail a cost-benefit analysis designed to yield information relevant to a decision about the usefulness and/or practical value of a tool of assessment
Utility Analysis
provide an indication that a testtaker will score within some interval of scores on a criterion measure – passing, acceptable, failing
Might indicate future behaviors, then if successful, the test is working as it should
Expectancy table
provide an estimate of the extent to which inclusion of a particular test in the selection system will improve selection
Taylor-Russel Tables
numerical value that reflects the relationship between the number of people to be hired and the number of people available to be hired
Selection Ratio
percentage of people hired under the existing system for a particular position
Base Rate
One limitation of Taylor-Russel Tables is that the relationship between the predictor (test) and criterion 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
Naylor-Shine Tables
used to calculate the dollar amount of a utility gain resulting from the use of a particular selection instrument
Brogden-Cronbach-Gleser Formula
estimate of the benefit of using a particular test
Utility Gain
an estimated increase in work output
Productivity Gains