Question: The probability that condo sales will increase in the next 6 months is estimated to be 0.30. The probability that the interest rates on condo
The probability that condo sales will increase in the next 6 months is estimated to be 0.30. The probability that the interest rates on condo loans will go up in the same period is estimated to be 0.75. The probability that condo sales or interest rates will go up during the next 6 months is estimated to be 0.90.
a.What is the probability that both condo sales and interest rates will increase during the next six months?
b.What is the probability that neither condo sales nor interest rates will increase during the next six months?
c.What is the probability that condo sales will increase but interest rates will not during the next six months?
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