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Max Sandlin Is Exploring the Characteristics of Stock Market Investors \cup

Question 59

Multiple Choice

Max Sandlin is exploring the characteristics of stock market investors.He found that 60% 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." P(O \cup E) = ___.


A) 0.17
B) 0.50
C) 0.80
D) 0.70
E) 0.10

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