Use the Following to Answer the Question(s) Below

question 51

Multiple Choice

Use the following to answer the question(s) below.
A survey of investors finds that 60% use a full service brokerage firm to invest in stocks, 30% trade stocks online and 24% do both.
-The probability that an investor selected at random uses a full service brokerage firm to invest in stocks or trades stocks online is

• A) 90%.
• B) 66%.
• C) 34%.
• D) 54%.
• E) 60%.

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Definitions:

Equivalent Unit

A measure used in process costing that converts work done on incomplete units into the amount of work needed to complete a standard unit.

Ending Work

This term could refer to the final stages of a work process or project, but without more context, it is not clearly identifiable as a standard key term.

Cost System

The method or process by which the costs of products or services are calculated and tracked within an organization.

Completed

Refers to a state or condition where a process, project, or item has been finished entirely and is ready for use or sale.