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:

Seized Evidence

Items or information gathered through legal authority that are used in court to prove the facts of a case.

Unanimous Agreement

A decision or conclusion reached with the approval and consent of all parties or members involved.

Criminal Trials

Judicial proceedings where an individual is accused of committing a crime and the matter is presented before a judge or jury for determination of guilt.

Higher Standard Of Proof

The requirement to provide more substantial evidence in a legal case to meet a more stringent level of proof.