THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 306

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The probability that interest rates on housing loans will go up in the next 6 months is estimated to be 0.20.The probability that house sales will decrease is estimated to be 0.6.The probability that interest rates will go up and house sales will decrease is estimated to be 0.15.
-The probability that interest rates increase and house sales decrease is:

• A)0.75
• B)0.85
• C)0.71
• D)0.15

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Definitions:

Secondary Insurance

Insurance coverage that pays for medical or other expenses not covered by a person's primary insurance policy.

Clearinghouse

An intermediary entity that facilitates the exchange of financial, medical, or other types of information and transactions between two parties.

Electronic Claims Information

Refers to the digital submission and processing of insurance claims, facilitating faster and more efficient healthcare billing.

Assignment of Benefits Clause

A provision in insurance policies allowing the insured to direct payment of benefits directly to a healthcare provider.