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:

Cultural Status

The recognition, respect, and honor a person or entity receives based on cultural norms and values within a society.

Residential Unity

A term that typically describes a living arrangement in which members of a family or group live together in one dwelling, emphasizing cohabitation and shared household responsibilities.

Moiety

A social division of a society by which it is divided into two roughly equal halves based on descent.