# Answer 3 Question with SPSS And Validity

For this Knowledge Assessment, you calculate the concurrent validity coefficient between a predictor scale and criterion measure in the dataset provided. First, you will be guided through the process of how to create new variable scales. Then, you calculate the validity measure on one of the scales.

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The MoneyData.sav dataset that you have been provided contains three scales that measure financial attitudes:

LIFESTYLE (L1 to L6) measures the desire for a luxurious lifestyle
DEPENDENCE (D1 to D6) measures the tendency to depend on others for financial support (high scores) vs. supporting others (low scores)
RISKTAKING (R1 to R6) measures the tendency to take financial risks in investments and careers
Create Three New Variables Showing the Scores on These Three Scales
To create the RISKTAKING scale, click on TRANSFORM>COMPUTE VARIABLE. In the “Target Variable” field, type “RISKTAKING.” In the “Numeric Expression” field, type SUM(R1 TO R6).

To create the DEPENDENCE scale, click on TRANSFORM>COMPUTE VARIABLE. In the “Target Variable” field, type “DEPENDENCE.” In the “Numeric Expression” field, type SUM(D1 TO D6).

On the LIFESTYLE items, item L6 (“I’d rather have a modest lifestyle because it is less stressful”) is scored in the reverse direction from the other items. People endorsing this item want a less extravagant lifestyle; endorsing the other items suggests the desire for a more extravagant lifestyle. The scoring on this item needs to be reversed. To create the reversed L6 item, click on TRANSFORM>COMPUTE VARIABLE. In the “Target Variable” field, type “L6R.” In the “Numeric Expression” field, type “6 – L6.” By subtracting the item responses from six, they are reversed: 5 becomes 1, 4 becomes 2, etc. To create the LIFESTYLE scale, click on TRANSFORM>COMPUTE VARIABLE. In the “Target Variable” field, type “LIFESTYLE.” In the “Numeric Expression” field, type SUM(L1 TO L5, L6R).

Calculate a Validity Measure for One of the Scales