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Author Question: The probability that condo sales will increase in the next 6 months is estimated to be 0.30 . The ... (Read 107 times)

DyllonKazuo

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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?


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tanna.moeller

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Reply #1 on: Aug 1, 2018
Answer to Question 1

0.15

Answer to Question 2

0.1455


DyllonKazuo

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Reply 2 on: Aug 1, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
Excellent

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