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The Probability That House Sales Will Increase in the Next

question 96

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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 both house sales and interest rates will increase during the next 6 months is:


Definitions:

Pt

Refers to the chemical element Platinum with the atomic number 78, known for its use in catalysts and jewelry.

Fluid Ounce

A unit of volume used primarily in the United States to measure liquids, equivalent to approximately 29.57 ml.

Fl Oz

A unit of volume measurement equal to one fluid ounce, commonly used in the United States.

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