Find Conditional and Marginal Distributions A) 31% (34 / 64)

question 16

Multiple Choice

Find conditional and marginal distributions.
-A full service brokerage firm gathered information on how their clients were investing
For retirement. Based on age, clients were categorized according to where the largest
Percentage of their retirement portfolio was invested and shown in the table below. The
Percentage of clients over age 50 is $$\begin{array} { | l | c | c | c | } \hline & \begin{array} { l } \text { Age 50 or } \\\text { Younger }\end{array} & \begin{array} { l } \text { Over } \\\text { Age 50 }\end{array} & \text { Total } \\\hline \text { Mutual Funds } & 30 & 34 & \mathbf { 6 4 } \\\hline \text { Stocks } & 37 & 45 & \mathbf { 8 2 } \\\hline \text { Bonds } & 19 & 23 & \mathbf { 4 2 } \\\hline \text { Total } & \mathbf { 8 6 } & \mathbf { 1 0 2 } & \mathbf { 1 8 8 } \\\hline\end{array}$$

• A) 3.1% (34 / 64).
• B) 33.3% (34 / 102).
• C) 18.1% (34 / 188).
• D) 34% (64 / 188).
• E) 54.3% (102 / 188).

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Definitions:

Empowerment

In context of service delivery, means allowing employees to make decisions about how service is provided to customers.

Marketing of Services

Strategies and approaches used to promote and sell non-tangible products, such as banking, cleaning, or educational services.

Sustainable Competitive Advantage

A unique advantage that allows a company to outperform its competitors over a long period.

Heterogeneous

Consisting of elements or parts that are different from each other; diverse in character or content.