The Probability That House Sales Will Increase in the Next

question 166

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 probability that both house sales and interest rates will increase during the next six months is

• A) 0.705.
• B) 0.90.
• C) 0.185.
• D) 0.10.

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Definitions:

Liquidation

The process of converting assets into cash or other assets by selling them to pay off creditors or distribute the remaining assets to shareholders.

Deficiency

A shortfall or lack in quantity or quality, potentially referring to aspects such as nutrients, finances, or resources.

Partner Capital

The amount of equity owned by each partner in a partnership, representing their portion of the total investment in the business.

Loss On Realization

Occurs when the actual amount received from the sale of an asset is less than its carrying amount on the books.