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. Of the clients who invest in mutual funds, the percentage over age 50 is
A)53.1% (34/64).
B)33.3% (34/102).
C)18.1% (34/188).
D)34% (64/188).
E)54.3% (102/188).

Question

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.  Of the clients who invest in mutual funds, the percentage over age 50 is
A)53.1% (34/64). 
B)33.3% (34/102). 
C)18.1% (34/188). 
D)34% (64/188). 
E)54.3% (102/188).

Quizplus · Accepted Answer

To find the percentage of clients over age 50 who invest in mutual funds, we need to look at the "Mutual Funds" row and the "Over 50" column in the table. This shows that 34 clients have their largest percentage of retirement portfolio invested in mutual funds and are over age 50. Out of the total number of clients who invest in mutual funds (64), the percentage is:

(34/64) x 100% = 53.1%

Therefore, the answer is A) 53.1%.

A Full Service Brokerage Firm Gathered Information on How Their