Recent work on hit rates and base rates (Schonemann and Thompson, 1996) is extended: A flawed premise in the derivation of an earlier hit rate approximation, HR1, is corrected, leading to a slightly more complicated approximation, HR2. However, over the targeted parameter region, the differences between HR1 and HR2 are small. After deriving exact hit rates for 2 × 2 contingency tables with binary criteria, they are compared with HR1 and HR2, and also with hit rates for continuous criteria inferred, via Bayes' Theorem, from Taylor and Russell's (1939) tables. Overall, the simpler approximation HR1 outperforms HR2. Finally, a new approximation is derived for the minimum validity needed that a test improves over random admissions in terms of total percent of correct classifications. More than four decades ago, Meehl and Rosen (1955) warned that validity coefficients, in isolation, are insufficient for gauging the practical merit of a test, because, "... when the base rates of the criterion classification deviate greatly from a 50 percent split, use of a test sign having slight or moderate validity will result in an increase of erroneous clinical decisions." (p. 215. Emphasis in the original). The present results corroborate these concerns.