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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 house sales will go down given that interest rates will go up is:
Variable
A quantity or element that can change or be changed within a mathematical formula, experiment, or model.
Multi-channel Capabilities
The ability of a business to interact with its customers through multiple channels, such as physical locations, online, and over the phone, in a cohesive and integrated manner.
Online Ordering
The method of purchasing goods or services via the internet.
Omni-channel Strategy
A multi-channel approach to sales that seeks to provide customers with a seamless shopping experience, whether they are shopping online from a mobile device, a laptop, or in a brick-and-mortar store.
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