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:

Married People

Individuals who are legally joined in matrimony, forming a partnership recognized by law or cultural practices.

Widowed People

Individuals who have lost their spouse through death and are yet to remarry.

Never-married People

Individuals who have never entered into a legally recognized marriage or similar partnership.

Life Stress Theory

A psychological theory that examines how stress from life events affects an individual's mental and physical health.