Define probability theory applied to house sales

Reference no: EM13118355

Probability Theory Applied to House Sales
The probability that house sales will increase over the next six months is estimated at .25. It is also estimated that the probability is .74 that 30 year fixed-loan mortgage rates will increase over this period. Economists estimate that the probability is .89 that either housing sales or interest rates will increase. The probability that both house sales and interest rates will increase is estimated at:

Reference no: EM13118355

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