Consider the Following to Answer the Question(s) Below

question 28

Essay

Consider the following to answer the question(s) below:
A full service brokerage firm gathered information on how their clients were investing for retirement. Based on age, clients were categorized according to where the largest percentage of their retirement portfolio was invested. The table below summarized the data.

-Find each of the following percentages.
a. What percentage of the clients who invest in mutual funds are over age 50?
b. What percentage of clients over age 50 invest in mutual funds?
c. What percentage of the mutual fund investors are over age 50?

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Definitions:

Tone of Voice

The quality or characteristic of a voice that conveys the speaker's emotions or intentions.

Panic Disorder

Recurrent attacks of intense terror that come on without warning and without any apparent relationship to external circumstances.

Population

A group of individuals of the same species living and interacting within a specific area at a given time.

Percent

Percent denotes a part or fraction of a whole, specifically expressing a number as a fraction of 100.