Two Types of Existing Houses Are for Sale: Ones with a Cracked

question 138

Multiple Choice

Two types of existing houses are for sale: ones with a cracked foundation and ones without.In all other respects,they are identical.Houses without cracked foundations are worth $200,000 while those with cracked foundations are worth $200,000 minus the $20,000 to fix the crack or $180,000.The frequency of solid foundations is 80%.Sellers know which type of house they have but buyers cannot detect a crack.No seller "must" sell his house in order to move and thus no one accepts anything less than its value.
Usually,the seller of a home is legally required to disclose any and all defects in the home that they know to exist.This requirement helps

• A)all buyers and sellers of homes with solid foundations.
• B)only buyers regardless of the state of the foundation.
• C)all buyers and all sellers.
• D)only sellers regardless of the state of the foundation.

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Definitions:

Sleep-wake cycle

A daily, repeating pattern of sleep and wakefulness, typically influenced by the 24-hour circadian rhythm and regulated by various biological and environmental factors.

Midnight checks

Routine checks or observations, often in healthcare or security, performed at or around midnight to ensure safety and well-being.

Noise on the unit

Ambiguous and unwarranted sound within a hospital or clinical setting, which can affect patient recovery and care environment quality.

Stage 4 NREM

The deepest phase of non-rapid eye movement sleep, characterized by delta wave activity in the brain and the hardest stage from which to awaken.