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The Probability That House Sales Will Increase in the Next

question 46

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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:


Definitions:

Relay

An electrically operated switch that allows a circuit to be controlled by a low-power signal, or where several circuits must be controlled by one signal.

Contact

An electrical component used to complete or interrupt an electrical circuit.

Jog Pushbutton

A control button on a machine that, when activated, causes the machine to operate at a low speed for short periods, aiding in precise positioning.

Momentary Contact

A switch or relay contact that makes or breaks connection only while being actuated, returning to its original state afterward.

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