David Likes to Play the Lottery

question 45

Multiple Choice

David likes to play the lottery. Sometimes he wins, but most times he does not. This is an example of which type of reinforcement schedule?

• A) fixed-ratio
• B) fixed-interval
• C) variable-ratio
• D) variable-interval

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Definitions:

Money

A medium of exchange that is widely accepted in payment for goods and services and in settlement of debts.

Annually Compounded

Refers to the process of calculating and adding interest to a principal sum once per year.

Maturity Values

The amount payable to the holder of a financial instrument at its maturity date, often the principal plus interest.

Investment

An asset or item acquired with the goal of generating income or appreciation.