The Probability That House Sales Will Increase in the Next

question 16

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 probability that neither house sales nor interest rates will increase
During the next 6 months is:

• A) 0.11
• B) 0.195
• C) 0.89
• D) 0.90

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Definitions:

Limited Liability

A legal structure that protects a company's owners or shareholders from being personally liable for the company’s debts or liabilities.

Limited Life

A term indicating that an entity or asset has a finite period of usefulness or existence.

General Partner

A partner in a partnership responsible for management decisions, who has unlimited liability for the debts and obligations.

Limited Partnership

A business structure where one or more general partners manage the business and are personally liable, while limited partners invest but do not partake in management or bear as much liability.