The Probability That House Sales Will Increase in the Next

question 66

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 house sales will increase but interest rates will not during the next 6 months is:

• A)0.065
• B)0.15
• C)0.51
• D)0.89

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Definitions:

Time Competence

The ability to live in and appreciate the present moment while making rational decisions based on both current reality and future possibilities.

Inner Directedness

A personality trait where individuals are guided by their own values and judgments rather than external influences.

Small Sample Size

In research, refers to a study or experiment that is conducted with a number of participants or cases that is considered insufficient to produce statistically significant results.

Self-Actualization Theory

A concept in psychological theory, particularly in humanistic psychology, positing that the ultimate goal of life is to achieve one's full potential and self-fulfillment.