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 housing loans will go up in the same period is estimated to be 0.74. the probability that house sales or interest rates will go up during the next 6 months is estimated to be 0.89. the probability that neither house sales nor interest rates will increase during the next 6 months is

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?