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) .
Correct Answer:
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