An Investor Is Keeping a Careful Eye on the Real

question 6

Short Answer

An investor is keeping a careful eye on the real estate markets in Las Vegas and the Inland Empire. The following are her predictions for the real estate market for the next year.
• With 0.32 probability, foreclosures will increase in Las Vegas.
• With 0.46 probability, foreclosures will increase in Las Vegas or the Inland Empire.
• With 0.27 probability, foreclosures will increase in Las Vegas and the Inland Empire.
What is the probability that foreclosures will increase in the Inland Empire given that they increased in Vegas?

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Definitions:

Past

Refers to all events, experiences, and actions that have occurred before the present time, shaping historical context and individual or collective memories.

Future

The time or a period of time following the moment of speaking or writing; time regarded as still to come.

Mindfulness

The practice of being aware and present in the moment without judgment.

Negative Mood

Affective state characterized by feelings of sadness, displeasure, or pessimism, which can affect individual thoughts, behaviors, and well-being.