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Due to Data Errors Occurring from Time to Time in Processing

question 19

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Due to data errors occurring from time to time in processing the Albert Company's payroll, the company's management is considering the addition of a data validation control procedure that is projected to reduce the risk of these data errors from 13% to 2%.The cost of the payroll reprocessing is estimated to be $11,000.If the data validation control procedure is implemented, the cost of this procedure is expected to be $700 per pay period (employees are paid biweekly) .Based on the above data, which of the following statements is true?


Definitions:

Unpredictable Time

Moments or durations that cannot be anticipated or forecasted with certainty.

Fixed-Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses.

Fixed-Interval

A schedule of reinforcement where the first response after a fixed time period is rewarded, in the context of operant conditioning.

Variable-Ratio

A variable-ratio schedule is a type of partial reinforcement schedule used in operant conditioning where a response is rewarded after an unpredictable number of responses, leading to high and steady response rates.

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