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Let's Say That You Can Just Distinguish Between 100 Grams

question 26

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Let's say that you can just distinguish between 100 grams of Swiss cheese (the initial test stimulus) and 105 grams. According to Weber's law, how much cheese would you need to notice a difference if we changed the test stimulus to 300 grams?


Definitions:

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.

Repayment Schedule

A detailed plan of the amounts and timing of payments to be made on a loan.

Loan

An amount of money lent out that is to be returned with a specified interest.

T-Bill

Treasury Bill, a short-term government security issued at a discount from the face value and pays no interest before it matures.

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