Question
Mark Sims is exploring the characteristics of stock market investors. He found that sixty per cent of all investors have a net worth exceeding $1,000,000;
Mark Sims is exploring the characteristics of stock market investors. He found that sixty per cent of all investors have a net worth exceeding $1,000,000; 20% of all investors use an online brokerage; and 12% of all investors a have net worth exceeding $1,000,000 and use an online brokerage. An investor is selected randomly, and E is the event 'net worth exceeds $1,000,000', and O is the event 'uses an online brokerage'. Which of the following is true?
a. E and O are mutually exclusive
b. E and O are not independent
c. E and O are collectively exhaustive
d. E and O are independent
Mark Sims is exploring the characteristics of stock market investors. He found that sixty per cent of all investors have a net worth exceeding $1,000,000; 20% of all investors use an online brokerage; and 10% of all investors a have net worth exceeding $1,000,000 and use an online brokerage. An investor is selected randomly, and E is the event 'net worth exceeds $1,000,000', and O is the event 'uses an online brokerage'. Which of the following is true?
a. E and O are not independent
b. E and O are collectively exhaustive
c. E and O are mutually exclusive
d. E and O are independent
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