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 increase during the next 6 months is ________.
A) 0.065
B) 0.15
C) 0.51
D) 0.89

Question

Quizplus · Accepted Answer

B) P(H and I) = P(H) + P(I) - P(H or I); P(H and I) + P(H and Not I) = P(H);
P(H and Not I) = P(H) - P(H and I)

The Probability That House Sales Will Increase in the Next