The Probability That House Sales Will Increase in the Next

question 15

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:

Learning

Any relatively permanent change in behavior brought about by experience or practice.

Behavior Modification

A technique used in psychology and behavioral therapy to change undesirable behaviors through the application of positive or negative reinforcements.

Problem Behavior

Actions or behaviors that are maladaptive, socially disruptive, or harmful to oneself or others.

Modeling

the process of learning behavior, attitudes, or skills by observing others, who are called models, in various social contexts.