It is estimated that 29% of all adults in the United States invest in stocks and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
It is estimated that 29% of all adults in the United States invest in stocks and that 84% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.), It is also estimated that 26% of U.S. adults have investments in both stocks and fixed income instruments. Answer the questions below. (If necessary, consult a list ot formulas) (a) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments? Round your answer to 2 decimal places. 57 (b) What is the probability that a randomly chosen stodk investor also invests in fixed income instruments? Round your answer to 2 decimal places. It is estimated that 29% of all adults in the United States invest in stocks and that 84% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.), It is also estimated that 26% of U.S. adults have investments in both stocks and fixed income instruments. Answer the questions below. (If necessary, consult a list ot formulas) (a) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments? Round your answer to 2 decimal places. 57 (b) What is the probability that a randomly chosen stodk investor also invests in fixed income instruments? Round your answer to 2 decimal places.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these mathematics questions
-
Complete the following ANOVA table. *Round your answer to 2 decimal places, the tolerance is +/-0.01. **Round your answer to 3 decimal places, the tolerance is +/-0.001. *** Round your answer to 2...
-
The proportion of adult women in the United States is approximately 51 %. A marketing survey telephones 400 people at random. a) What proportion of women in the sample of 400 would you expect to see?...
-
The incomes of randomly selected adults in the United States. State whether you expect it to be normally distributed. Explain your reasoning.
-
Analyze the case study, "Frank Smith Plumbing." Analyze the "Frank Smith Plumbing's Financial Statement" spreadsheet. Compare the cost of the truck to the cash flow records Compile your calculations...
-
(a) What is the difference between the expected change in the exchange rate and the forward discount or forward premium on the foreign currency? (b) When would the expected change in the exchange...
-
Investment X offers to pay you $3,000 per year for eight years, whereas Investment Y offers to pay you $5,000 per year for four years. Which of these cash flow streams has the higher present value if...
-
Some states do not follow the Federal Rules of evidence. For instance, although permitted under Federal Rules, evidence of prior bad acts to attack a witnesss credibility is not allowed in some state...
-
Exit gas from a chlorinator consists of a mixture of 20 mol% chlorine in air. This concentration is to be reduced to 1% chlorine by water absorption in a packed column to operate isothermally at 20C...
-
On August 25, 2020, Kyle Howard Rittenhouse fatally shot two people, Joseph Rosenbaum and Anthony Huber, and wounded another person, Gaige Grosskreutz, in Kenosha, Wisconsin. The shootings occurred...
-
Following is the unadjusted trial balance for Alcorn Institute as of December 31, 2011, which initially records prepaid expenses and unearned revenues in balance sheet accounts. The Institute...
-
1 Margue is a self-employed accountant who earns about $60,000 annually. She is reviewing her financial situation and worried about what would happen if she was unable to work through no fault of her...
-
Is it possible to separate the north pole from the south pole of a bar magnet by cutting it in half? Explain your reasoning.
-
Use an aggregate demand and aggregate supply diagram to illustrate and explain how each of the following will affect the equilibrium price level and real GDP: a. Consumers expect a recession. b....
-
Indicate whether each of the following statements is true or false. If the statement is false, change it to make it true. a. Positive analysis imposes the value judgments of one individual on the...
-
Use economics to explain why people leave tips (a) at a restaurant they visit often and (b) at a restaurant they visit only once.
-
Use economics to explain this statement: Increasing the speed limit has, to some degree, compromised highway safety on interstate roads but enhanced safety on non-interstate roads.
-
A property was bought and made for use in May 2022. The property was recorded but the depreciation was not. The useful life of the addition is 10 years with a residual value of 0, and the cost for...
-
Sue Deliveau opened a software consulting firm that immediately paid $2,000 for a computer. Was this event a transaction for the business?
-
The supply schedule of long-distance phone calls is in the table. Calculate the elasticity of supply when a. The price falls from 40 to 30 a minute. b. The average price is 20 a minute. Price per...
-
Agile Airlines profit on a route on which it has a monopoly is $10 million a year. Wanabe Airlines is considering entering the market and operating on this route. Agile warns Wanabe to stay out and...
-
Which of the following items are sold by firms in monopolistic competition? Explain your selections.
-
Calculate the change in entropy for the conversion of \(1 \mathrm{~mol}\) of ice to liquid at \(273 \mathrm{~K}\) and \(1 \mathrm{~atm}\). The latent heat of fusion is \(6500 \mathrm{~J} /...
-
Calculate the change in entropy when 5 moles of an ideal gas expands from a volume of \(5 \mathrm{~L}\) to \(50 \mathrm{~L}\) at \(27^{\circ} \mathrm{C}\).
-
Calculate the entropy change when \(96 \mathrm{~g}\) of methane is heated from \(35^{\circ} \mathrm{C}\) to \(200^{\circ} \mathrm{C}\) at constant volume. Assume \(C_{V}=1.735 \mathrm{~kJ} /...
Study smarter with the SolutionInn App