A Bank Collects Data on the Savings and Incomes of Families

question 61

Multiple Choice

A bank collects data on the savings and incomes of families to predict an expected increase in certificate of deposit accounts due to a 10% increase in salaries of employees at a local company. Which variable, savings or income, would be the explanatory variable?

• A) family savings
• B) family income

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Definitions:

Observational Learning

The method of acquiring behaviors through observing and mimicking others, commonly referred to as social learning or modeling.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov.

Operant Conditioning

A technique in education that involves altering a behavior's intensity through reinforcement or penal actions.

Cognitive Dissonance

The discomfort experienced when holding two or more conflicting beliefs, values, or attitudes, especially when actions contradict beliefs.