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

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Definitions:

Exercise Power

The act of utilizing authority or influence to affect outcomes or behaviors in others.

Party

A social gathering of invited guests, typically involving eating, drinking, entertainment, and sometimes specific celebrations.

Proletariat

The class of workers in capitalist societies who do not own the means of production and whose main source of income is the sale of their labor power.

Class

A category or grouping of people in society often defined by economic, social, or professional status.