Which of the following statements is true?
A) The decision to purchase stocks and the age of the client are not independent.
B) The decision to purchase stocks and the age of the client are independent.
C) The decision to purchase stocks and the age of the client are mutually exclusive.
D) The decision to purchase stocks and the age of the client are unrelated.
E) The decision to purchase stocks and the age of the client are disjoint events.

Question

Quizplus · Accepted Answer

The decision to purchase stocks and the age of the client are not independent as age may influence the investment decisions of clients. For example, younger clients may be more willing to take risks and invest in stocks compared to older clients who may prefer conservative investments.

Which of the Following Statements Is True