# Question: The probability that production will increase if interest rates decline

The probability that production will increase if interest rates decline more than 0.5 percentage point for a given period is 0.72. The probability that interest rates will decline by more than 0.5 percentage point in the period in question is 0.25. What is the probability that, for the period in question, both the interest rate will decline and production will increase?

## Answer to relevant Questions

A large foreign automaker is interested in identifying its target market in the United States. The automaker conducts a survey of potential buyers of its high performance sports car and finds that 35% of the potential buyers ...A quality control engineer knows that 10% of the microprocessor chips produced by a machine are defective. Out of a large shipment, five chips are chosen at random. What is the probability that none of them is defective? ...At a certain university, 30% of the students who take basic statistics are first year students, 35% are sophomores, 20% are juniors, and 15% are seniors. From records of the statistics department it is found that out of the ...1. If the graduate applies to all 10 companies, what is the probability that she will get at least one offer? 2. If she can apply to only one company, based on cost and success probability criteria alone, should she apply to ...According to Chebyshev's theorem, what is the minimum probability that a random variable will be within 4 standard deviations of its mean?Post your question