The Conditional Probability of an Event a Given That Event

question 27

Multiple Choice

The conditional probability of an event A given that event B is known is given by:

Interpret and analyze financial tables related to bank accounts and loans.

Calculate future value of investments using different interest rates and time periods.

Explain the concept of present value and how it is affected by interest rates and time.

Apply the time-value of money principle to financial decision-making.

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Definitions:

Positively Reinforced

Refers to a behavior that increases in frequency because it is followed by a rewarding stimulus.

Extinguished

In a psychological context, refers to the process by which a conditioned response decreases or disappears after repeated exposure to the conditioned stimulus without reinforcement.

Enhanced

Improved or increased in quality, value, or strength.

Partial Reinforcement

A conditioning schedule where a reward is not provided after every desired response, making the behavior more resistant to extinction.