The Probability That House Sales Will Increase in the Next

question 17

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 'no increase in house sales' in the next six months are

• A) statistically independent.
• B) collectively exhaustive.
• C) mutually exclusive.
• D) Both B and C.

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Definitions:

Method Next

The method next is typically used in programming structures like iterators or generators to retrieve the next element in a sequence.

Java Statement

A single line of code in Java that performs a specific action.

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The visual representation of information to a user, often referring to the screen or monitor in electronic devices.

Java.util Package

A package in Java that contains a collection of utility classes, such as collections framework, legacy collection classes, event model, date and time facilities, and miscellaneous utility classes.