30. 401(K) INVESTORs According to a study conducted in 2011 concerning the participation, by age, of 401(k) investors, the following data were obtained: 60s 50s 40s 30s 20s Age Percent 10 27 28 23 12...
30. 401(K) INVESTORs According to a study conducted in 2011 concerning the participation, by age, of 401(k) investors, the following data were obtained: 60s 50s 40s 30s 20s Age Percent 10 27 28 23 12 a. What is the probability that a 401(k) investor selected at random in 2011 was in his or her 20s or 60s? b. What is the probability that a 401(k) investor selected at random in 2011 was under the age of 50? Source: Investment Company Institute.