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

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Definitions:

Health Assessment

The systematic process of evaluating the health status of a person through examination, history taking, and sometimes diagnostic tests.

Asian Descent

Describes individuals whose ancestry originates from countries in Asia.

Incentive

Motivation or reward offered to encourage specific actions or behaviors.

Motivate Behaviour

The process of stimulating an individual to act in a certain way or to pursue particular goals through internal or external incentives.