Assignment:
The probability that production will increase if interest rates decline more than 0.5 percentage point for a given period is 0.72. The probability that interest rates will decline by more than 0.5 percentage point in the period in question is 0.25. What is the probability that, for the period in question, both the interest rate will decline and production will increase?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.