Consider the following to answer the question(s) below:
The following table represents information about investments of 200 randomly selected residents of Etobicoke.

-The probability that a client is over age 50 and is holding bonds is
A) 0.125.
B) 0.15.
C) 0.225.
D) 0.010.
E) 0.175.

Question

Consider the following to answer the question(s) below:
The following table represents information about investments of 200 randomly selected residents of Etobicoke.
 
-The probability that a client is over age 50 and is holding bonds is
A) 0.125. 
B) 0.15. 
C) 0.225. 
D) 0.010. 
E) 0.175.

Quizplus · Accepted Answer

The probability that a client is over age 50 is 0.75 and the probability that a client is holding bonds is 0.25. The probability that a client is over age 50 and is holding bonds is 0.75 * 0.25 = 0.1875.

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