The Probability That House Sales Will Increase in the Next

question 105

Multiple Choice

The probability that house sales will increase in the next six months is estimated to be 0.25.The probability that the interest rates on housing loans will go up in the same period is estimated to be 0.74.The probability that house sales or interest rates will go up during the next six months is estimated to be 0.89.
- The events of 'increase in house sales' and 'increase in interest rates' in the next six months are

• A) collectively exhaustive.
• B) mutually exclusive.
• C) statistically independent.
• D) None of the above.

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Definitions:

Negative Circumstances

Situations or conditions that adversely affect an individual's mental, physical, or emotional well-being.

Token Economy

A behavioral modification method involving the systematic reinforcement of target behavior through the use of tokens that can be exchanged for desired items or privileges.

Patient Behaviors

The actions, reactions, and interactions of patients in the context of healthcare, which can be influenced by their health status, psychological factors, and treatment environment.

Positive Rewards

Stimuli or reinforcements that increase the likelihood of a repeating behavior by inducing a pleasurable outcome.