The Probability That House Sales Will Increase in the Next

question 46

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

---

Definitions:

Condensation Point

The temperature at which a gas becomes a liquid; the cooling point where gaseous substances convert into their liquid state.

Alkanes

Hydrocarbons containing only single bonds between carbon atoms, with the general formula CnH2n+2.

Solvents

Substances that dissolve a solute, resulting in a solution; typically liquids but can also be solid or gas.

Non-Reactive

A term describing substances that do not easily undergo chemical reactions or bond with other substances.