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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?
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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