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STAT 125 HK Business Statistics Midterm Exam

STAT 125 HK Business Statistics Midterm Exam

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STAT 125 HK Business Statistics Midterm Exam

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STAT 125 HK Business Statistics Midterm Exam

Question 1

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 probability that house sales will increase but interest rates will not during the next 6 months is:

0.065

0.15

0.51

0.89

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