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What is the probability that interest rates increase

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1. The probability that interest rates on housing loans will go up is estimated to be 0.20. The probability that house sales will decrease is 0.6. The probability that interest rates will go up and house sales will decrease is estimated to be 0.15.

a. What is the probability that interest rates increase and house sales decrease?

b. What is the probability of an increase in interest rates and not a decrease in house sales?

c. What is the probability of a decrease in house sales and not an increase in interest rates?

d. What is the probability of not an increase in interest rates and not a decrease in house sales?

e. What is the probability that house sales will go down given that interest rates will go up?

Reference no: EM132851059

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