The Probability That House Sales Will Increase in the Next

question 70

Multiple Choice

The probability that house sales will increase in the next 6 months is estimated to be 0.25. The probability that the interest rates on housing loans will go up in the same period is estimated to be 0.74. The probability that house sales or interest rates will go up during the next 6 months is estimated to be 0.89. The events of increase in house sales and increase in interest rates in the next 6 months are

• A) statistically independent.
• B) mutually exclusive.
• C) collectively exhaustive.
• D) None of the above.

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Definitions:

Optic Nerve

A neural pathway that conveys images from the retina to the brain.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light images to nerve signals for vision.

Visual Cortex

The part of the cerebral cortex that processes visual information, located in the back of the brain.

Vision

The process by which organisms interpret and organize visual information from the environment, enabling perception.