Multiple Choice
The probability that house sales will increase in the next 6 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 6 months is estimated to be 0.89.The events increase in house sales and no increase in house sales in the next 6 months are
A) independent.
B) mutually exclusive.
C) collectively exhaustive.
D) (b) and (c)
Correct Answer:

Verified
Correct Answer:
Verified
Q86: SCENARIO 4-12<br>Jake woke up late in the
Q87: SCENARIO 4-12<br>Jake woke up late in the
Q88: SCENARIO 4-2<br>An alcohol awareness task force at
Q89: The closing price of a company's stock
Q90: There are 47 contestants at a national
Q92: SCENARIO 4-6<br>At a Texas college,60% of the
Q93: Suppose A and B are events where
Q94: SCENARIO 4-5<br>In a meat packaging plant Machine
Q95: SCENARIO 4-7<br>The next state lottery will have
Q96: The probability that house sales will increase