Juan Comes Up with a Highly Unusual but Appealing Idea

question 58

Multiple Choice

Juan comes up with a highly unusual but appealing idea for a new phone application. He would require a substantial amount of money to pay for developing the required graphics and technology. His idea can be categorized as involving

• A)high innovation/low risk.
• B)high innovation/high risk.
• C)low innovation/low risk.
• D)low innovation/high risk.
• E)low innovation/uncertain risk.

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Definitions:

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points around their mean average.

Fixed-Interval

In the context of psychological reinforcement, it refers to a schedule where rewards are given after a fixed time period has elapsed, assuming a correct response is made.

Random-Interval

A timing schedule in operant conditioning where reinforcements are given at unpredictable intervals.

Variability

The extent to which data points in a statistical distribution or data set diverge from the average value.