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It is no secret that Wall Street firms compete aggressively to lure their clients. Having more high-end clients translates into fees and revenues that turn
It is no secret that Wall Street firms compete aggressively to lure their clients. Having more high-end clients translates into fees and revenues that turn into profits. A survey of 150 high-end clients asked what lured them to their respective Wall Street firm. The following table shows the results. High-End Client Response Perk Received Client Response Pay a Kick-Back 21 Lucrative Golf Outings 15 Lavish Dinners 13 Free Private Jet Use 26 Prime Seats at Sports Events 30 Other 18 No Perk Received 27 Step 2 of 3: What proportion of clients were lured to a Wall Street firm by the perk identified in Step 1? Round your answer to two decimal places if necessary
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