Max Sandlin Is Exploring the Characteristics of Stock Market Investors $\cup$

question 59

Multiple Choice

Max Sandlin is exploring the characteristics of stock market investors.He found that 60% 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 $\cup$ E) = ___.

• A)0.17
• B)0.50
• C)0.80
• D)0.70
• E)0.10

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Definitions:

Business Combination

A transaction or event in which an acquirer obtains control of one or more businesses.

Acquisition

Acquiring management of a different company through the acquisition of its stocks or possessions.

Accounting

The systematic process of recording, analyzing, summarizing, and reporting the financial transactions of a business or individual.

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as materials and labor.