THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 278

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 house sales will go down given that interest rates will go up is:

• A)0.95
• B)0.90
• C)0.75
• D)0.80

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Definitions:

Group Support

The assistance, encouragement, and resources provided by a collective to its members to achieve common goals or address individual needs.

Company-Wide Decision

A decision made that affects every individual and department within an organization.

Contingency Theory

A theoretical framework suggesting that the effectiveness of a leadership style is contingent on the situation or context.

Leadership Style

The distinctive approach or method adopted by a leader to guide, motivate, and manage followers or team members.