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Suppose that 75% of all investors invest in traditional
Chapter , Problem 5(choose chapter or problem)
Suppose that 75% of all investors invest in traditional annuities and 45% of them invest in the stock market. If 85% invest in the stock market and/or traditional annuities, what percentage invest in both?
Questions & Answers
QUESTION:
Suppose that 75% of all investors invest in traditional annuities and 45% of them invest in the stock market. If 85% invest in the stock market and/or traditional annuities, what percentage invest in both?
ANSWER:Step 1 of 2
Suppose that 75% of all investors invest in traditional annuities and 45% of them invest in the stock market. If 85% invest in the stock market or traditional annuities.
Let A be the event that the investors invest in traditional annuities and B be the event that the investors invest in stock markets.
Then,
We have to find .