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

question 24

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 $\cup$ E) = _____________.

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

---

Definitions:

Literal Interpretation

Understanding words or texts in their most basic sense, without inferring any hidden meanings or symbolism.

Reading Pace

The speed at which a person reads and comprehends written material.

Connections

Relationships or networks that individuals form with others, often beneficial for mutual support or professional opportunities.

Text Material

Written or printed content that serves as a primary source of information or instruction.