A Study by a Bank Compared the Average Savings of Customers

question 110

Short Answer

A study by a bank compared the average savings of customers who were depositors for three years or less with those who had been depositors for more than three years. The results of a sample are: To test that the two groups of customers have equal savings rates, what is the p-value for a two-tailed test?

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Definitions:

Fixed-Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, commonly used in learning and behavior analysis.

Lever Pressing

A method used in experimental psychology to measure the behavior of animals, typically involving the animal learning to press a lever to receive a reward.

Food Pellets

Small, compressed units of food often used in laboratory experiments as a reward for animals.

Intermittent Reinforcement

A conditioning schedule in which rewards or punishments are given out at irregular intervals, making the response more resistant to extinction.