TABLE 5-11 Subscribers to Investment Advice White Letters Perform Security Transactions at Transactions

question 177

Short Answer

TABLE 5-11
Subscribers to Investment Advice White Letters perform security transactions at the rate of five trades per month. Assume that one of the subscribers performs transactions at this rate and the probability of a transaction for any two months is the same and the number of transactions in one month is independent of the number of transactions in another month.
-Referring to Table 5-11, what is mean number of transactions per month for this subscriber?

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Definitions:

Reinforcement

In psychology, a process by which a certain stimulus or action encourages a particular behaviour to occur again.

Punishment

The imposition of a penalty as retribution for an offense or undesirable behavior.

Extinction

In behavioral psychology, refers to the gradual weakening and disappearance of a conditioned response when it is no longer reinforced.

Performance Feedback

Information given to individuals or groups about the quality or effectiveness of their job performance, intended to facilitate improvement.