Consider the Following to Answer the Question(s) Below

question 23

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 invest in mutual funds and 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:

Dielectric

An insulating material that can be polarized by an electric field, enhancing the capacitor's ability to store an electric charge.

Mica

A mineral used as an electric insulator.

Northwest Ordinance

An act passed by the Confederation Congress in 1787 that established a government for the Northwest Territory and outlined the process for admitting new states to the Union, prohibiting slavery in the territory.

Old Northwest

A historical term referring to the territory that became the states of Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota; it was an important region for expansion and settlement in early U.S. history.