This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The probability that condo sales will increase in the next 6 months is estimated to be 0.30 . The ... (Read 109 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Aug 1, 2018
The probability that condo sales will increase in the next 6 months is estimated to be 0.30 . The probability that the interest rates on condo loans will go up in the same period is estimated to be 0.75 . The probability that condo sales or interest rates will go up during the next 6 months is estimated to be 0.90 . What is the probability that condo sales will increase but interest rates will not during the next six months?

Question 2

The time it takes a technician to fix a telephone problem is exponentially distributed with a mean of 15 minutes. What is the probability that it will take a technician between 10 to 15 minutes to fix a telephone problem?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Aug 1, 2018
Answer to Question 1

0.15

Answer to Question 2

0.1455


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Aug 1, 2018
:D TYSM

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
How to calculate theoretical probability How to calculate theoretical probability
An infant begins to notice the external environment by the age of 4 to 8 months An infant begins to notice the external environment by the age of 4 to 8 months
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library