Solution) Effect of stock market on consumer spending and saving. According to Economic Inquiry (Jan. 2009), 6
Question: Effect of stock market on consumer spending and saving.
According to Economic Inquiry (Jan. 2009), 60% of all U.S. households own stock. A sample of these stockholders was asked what recent trends in the stock market have had on their saving and spending. The responses are summarized in the table below. A U.S. household is selected at random.
| Stock Market Effect on Spending/Saving | Percent of Stockholders. |
| No effect | 80.0 |
| Spend more/save less | 5.0 |
| Spend less/save more | 15.0 |
| Total | 100.0 |
What is the probability that the household owns stock but spends less and save more due to recent trends in stock market?
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Answer: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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