Please show work 19. Do you think the government protects investors adequately?
ID: 3276960 • Letter: P
Question
Please show work
19. Do you think the government protects investors adequately? This question was part of an online survey of investors under ae 65 living in the United States and Great Britaiin (Financial Times/Harris Poll, October 1. 2009). The numbers of in estors from the United States and Great Britain who answcred Yes, No, or Unsure to this question are provided below Response United States 187 334 256 Great Britain 197 411 213 es Unsure Estimate the probability that an investor in the United States thinks the government is not protec Estimate the probability that an investor in Great Britain thinks the government is not protecting investors adequately or is unsure the govenment is protecting investors adequately a. ting investors adequately b. c. For a randomly selected investor fom these two countrics, estimate the probability that the investor thinks the government is not protecting investors adequately d. Based on the survey results. does there appear to be much difference between the perceptions of investors in the United States and investors in Great Britain regarding the issue of the government protecting investors adequately?Explanation / Answer
total number of US investors = 187 + 334 + 256 = 777
GB investors = 821
a)
required probability = 334/777 = 0.429858
b)
required probability = (411 +213)/821 = 0.760049
c)
required probability = (334 +411)/(777 + 821) = 0.466208