The Probability That House Sales Will Increase in the Next

question 54

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 increase in house sales and increase in interest rates in the next 6 months are

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

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Definitions:

De-Ethnicization

Refers to the process by which a product or brand loses its original ethnic identification and becomes a part of a larger, often global, market.

Homogeneous Cultural Ties

The connections between individuals or groups that share very similar cultural backgrounds and practices, leading to uniformity within the group.

Ethnic Market

Ethnic Market refers to a market segment composed of individuals sharing a common cultural or racial background, often targeted with tailored products or marketing messages.

High-Context Culture

A communication style in societies where people have close connections over a long period and tend to infer meanings beyond the spoken word.