The Probability That House Sales Will Increase in the Next

question 127

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 no increase in house sales in the next 6 months are

• A) statistically independent.
• B) mutually exclusive.
• C) collectively exhaustive.
• D) B and C.

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Definitions:

Altered State

A condition of consciousness that is significantly different from the normal waking state, such as that induced by meditation, drugs, or hypnosis.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which is fundamental to emotional intelligence.

Circadian Rhythms

The natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours.

Pineal Gland

The pineal gland is a small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep-wake cycles.