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What is the probability that foreclosures will increase

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Reference no: EM132461641

An investor is keeping a careful eye on the real estate markets in Las Vegas and the Inland Empire. The following are her predictions for the real estate market for the next year.

  • With 0.32 probability, foreclosures will increase in Las Vegas.
  • With 0.46 probability, foreclosures will increase in Las Vegas or the Inland Empire.
  • With 0.27 probability, foreclosures will increase in Las Vegas and the Inland Empire.

What is the probability that foreclosures will increase in the Inland Empire given that they increased in Vegas?

Reference no: EM132461641

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