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:

Extraversion

A personality trait characterized by outgoingness, high levels of activity, and energy, and a tendency to seek stimulation in the company of others.

Avoidance Motivation

A type of behavior aimed at avoiding negative outcomes, failures, or punishments, as opposed to seeking positive outcomes.

Hierarchy Of Needs

A motivational theory in psychology proposed by Abraham Maslow, depicting a five-tier model of human needs, from basic (physiological) to higher-order (self-actualization) needs.

Sequential

Occurring or following in a logical order or sequence.