Question

Question 7 (2 points)

A survey asked 1,000 people if they invested in Stocks or Bonds for retirement. 700
said they invested in stocks, 400 said bonds, and 300 said both.
How many invested in stocks or bonds?
Note: consider making a Venn Diagram to help solve this problem.
300
500
800
100

Answer 1

Answer: To solve this problem, we can use the formula:

Total = Stocks + Bonds - Both

where "Total" represents the total number of people who invested in either stocks or bonds.

Plugging in the given values, we get:

Total = 700 + 400 - 300

Total = 800

Therefore, 800 people invested in stocks or bonds.

Explanation: