Max Sandlin Is Exploring the Characteristics of Stock Market Investors

question 56

Multiple Choice

Max Sandlin is exploring the characteristics of stock market investors.He found that sixty percent of all investors have a net worth exceeding $1,000,000; 20% of all investors use an online brokerage; and 10% of all investors a have net worth exceeding $1,000,000 and use an online brokerage.An investor is selected randomly, and E is the event "net worth exceeds $1, 000, 000," and O is the event "uses an online brokerage." P(O|E) = _____________.

• A)0.17
• B)0.50
• C)0.80
• D)0.70
• E)0.88

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Definitions:

FTC Act

The Federal Trade Commission Act, which established the FTC to prevent unfair competition and protect consumers from anticompetitive, deceptive, and unfair business practices.

Anticompetitive Practices

Business actions that reduce or prevent competition in a market, often scrutinized under competition laws.

FDCPA

The Fair Debt Collection Practices Act, U.S. legislation aimed at promoting fair debt collection and providing guidelines for the conduct of debt collectors.

Collector

An individual or entity that gathers items of a particular type, often for personal interest or investment purposes, or in financial contexts, one who collects payments.