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:

Physical States

The distinct forms that different phases of matter take on, commonly identified as solid, liquid, and gas.

Matter

Anything that has mass and takes up space by having volume, including solids, liquids, and gases.

Nitrogen

A chemical element with symbol N and atomic number 7, essential for all living organisms as a constituent of proteins.

Synergistic Interaction

A situation where two or more substances or actions combine to produce a total effect greater than the sum of their individual effects.