Condo Sales and Interest Rates ​ the Probability That Condo

question 102

Short Answer

Condo Sales and Interest Rates ​ The probability that condo sales will increase in the next 6 months is estimated to be 0.30.The probability that the interest rates on condo loans will go up in the same period is estimated to be 0.75.The probability that condo sales or interest rates will go up during the next 6 months is estimated to be 0.90. ​ ​
-{Condo Sales and Interest Rates Narrative} What is the probability that neither condo sales nor interest rates will increase during the next six months?

---

Definitions:

Breaches

Violations or failures to perform as required or promised in a contract or agreement.

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.

Breach

The violation or non-fulfillment of a legal obligation, contract, duty, or standard.

Recover

Refers to the process of getting back lost or inaccessible data or functions from damaged or failed hardware or software.