The probability that the market will go up and interest rate will go down during the period in question is 0.03.
<h3>What is the probability?</h3>
Probability determines the chances that an event would happen. The probability the event occurs is 1 and the probability that the event does not occur is 0.
The probability that the market will go up and interest rate will go down = 0.08 X 0.40 = 0.03
To learn more about probability, please check: brainly.com/question/13234031
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Complete Question
It takes 28minutes for 7 people to paint 7 walls. How many minutes does it take 14 people to paint 14 walls?
Answer:
28 minutes
Step-by-step explanation:
It takes 28minutes for 7 people to paint 7 walls.
Hence, the today number of minutes for 1 person to paint the wall =>
7 people = 28 minutes
1 person = 28 minutes × 7 people =
198 people minutes = 7 walls
1 wall = 198 /7
1 wall = 28 people minutes
How many minutes does it take 14 people to paint 14 walls?
From the above calculation,
1 wall = 28 people minutes
14 walls =
= 14 walls × 28 people minutes/14 People
= 28 minutes
Therefore, it would take 28 minutes for 14 people to paint 14 walls.
