The Probability That House Sales Will Increase in the Next

question 74

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 be0.74.The probability that house sales or interest rates will go up during the next 6 months is estimated to be 0.89.The probability that neither house sales nor interest rates will increase during the next 6 months is:

• A)0.10
• B)0.195
• C)0.89
• D)0.90

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Definitions:

Lead a Team

The act of guiding and motivating a group towards achieving a common goal through effective leadership practices.

Synergy

The interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.

Common Goals

Objectives or aims shared by members of a group or organization which serve to guide their actions and efforts.

Management Skills

A set of abilities and competencies that a person needs in order to successfully manage an organization, team, or project.