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 sale or interest rate will go up during the next 6 months is estimated to be 0.89. The probability that both house sales and interest rates will increase during the next 6 months is;
1. 0.10
2. 0.185
3. 0705
4. 0.90
My answer after working it out was 0.10, not 100% sure it is right, thanks for checking.





One thought on “The probability that house sales will increase in the next 6 months is estimated to be 0.25. The probability ?

  1. Yes. you are correct.

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