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On the October 15 billing date, Jacob had a balance due of $279.71 on his credit card. The transactions during the following month were: October 17 Payment
October 30 Charge: groceries
November 10 Charge: freezer The interest rate on the card is 1.2% per month. Using the average daily balance method, find the
Balance due on November 15 (October has 31 days) .
Variable Ratio
A reinforcement schedule in which the number of responses required for a reward varies, making the reinforcement unpredictable and often leading to a high and steady rate of response.
Schedule of Reinforcement
refers to the strategy for timing and application of rewards to encourage or strengthen desired behaviors in behavioral psychology.
Contingent Reinforcement
A type of conditioning in which a reward or punishment (the reinforcement) is given only after the desired response or behavior occurs, making it contingent on the behavior.
Sales Goals
Targets set by a business or sales team to achieve a specific amount of sales revenue within a certain timeframe.
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