Question 327199
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 the housing loans will go up is estimated to be 0.7 
------------------------------------
the probability that house sales and interest rates will go up in the next 6 months is estimated to be 0.20 
------------------------------------
the probability that house sales or interest rates will increase during in the 6 months is
---
P(hsup OR irup) = P(hsup) + P(irup) - P(hsup AND irup)
---
= 0.25 + 0.70 - 0.20
---
= 0.75
========
Cheers,
Stan H.
======== 


 
a) 0.75 b)0.85 c) 0.705 d)0.90