Consider the Following to Answer the Question(s) Below

question 4

Multiple Choice

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 and shown in the table below.

-The percentage of clients who are over age 50 and invest in mutual funds is

• A) 53.1% (34/64).
• B) 33.3% (34/102).
• C) 18.1% (34/188).
• D) 34.0% (64/188).
• E) 54.3% (102/188).

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Definitions:

Graduate Assistantships

Financial aid options for graduate students involving part-time work in teaching or research in exchange for tuition waivers and a stipend.

Sample Points

Individual units or entities selected from a population for the purpose of statistical analysis or study.

Mutually Exclusive

Two events that cannot occur at the same time within a given experiment or scenario.

Independent Events

Two or more events in probability where the occurrence of one event does not affect the probability of occurrence of the other event(s).