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 over age 50 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).

Question

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 over age 50 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).

Quizplus · Accepted Answer

The percentage of clients over age 50 is calculated by dividing the number of clients over age 50 (102) by the total number of clients (188) and then multiplying by 100, which results in 54.3%.

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