Bob's House Has Doubled in Value Since He Bought It

question 64

Multiple Choice

Bob's house has doubled in value since he bought it 30 years ago. The house's value has increased by an annual rate of

• A) 2.34%.
• B) 3.33%.
• C) 6.67%.
• D) 100%.

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Definitions:

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behavior analysis.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, leading to a steady but slow rate of response.

Fixed Interval

A schedule in operant conditioning where the first response is rewarded only after a specified amount of time has elapsed.

Variable Ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it highly effective in maintaining behavior.