In a certain town 60% of the households own mutual funds, 40% own individual stocks, and...
In a certain town 60% of the households own mutual funds, 40% own individual stocks, and 20% own both mutual funds and individual stocks.
1. The proportion of households that own mutual funds but not individual stocks is
a. 20%.
b. 30%.
c. 40%.
d. 50%.
2. The proportion of households that own neither mutual funds nor individual stocks is
a. 20%.
b. 30%.
c. 40%.
d. 50%.
3. The proportion of households that own mutual funds but not individual stocks or individual stocks but not mutual funds is
a. 40%.
b. 60%.
c. 80%.
d. 100%.
Homework Answers
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