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:

Conflict Of Interest

A situation in which an individual's personal interest could interfere with or appear to interfere with the duties performed in an official capacity.

Corporate Governance Issues

Concerns or problems relating to the system of rules, practices, and processes by which a company is directed and controlled.

Stakeholder Needs

The requirements or demands of individuals or groups directly or indirectly affected by an organization's actions.

Stakeholder Orientation

A business approach that values and considers the interests and well-being of all individuals and entities affected by the company's actions.