It is no secret that Wall Street firms compete aggressively to lure their clients. Having more high-end clients translates into fees and revenues that turn into profits. A survey of 150 high-end clients asked what lured them to their respective Wall Street firm. The following table shows the results. High-End Client Response Perk Received Pay a Kick-Back Lucrative Golf Outings Lavish Dinners Free Private Jet Use Prime Seats at Sports Events Other No Perk Received Client Response 9 25 28 22 30 15 21 Copy Data Step 3 of 3: What proportion of clients did not receive a perk at all? Round your answer to two decimal places if necessary.
It is no secret that Wall Street firms compete aggressively to lure their clients. Having more high-end clients translates into fees and revenues that turn into profits. A survey of 150 high-end clients asked what lured them to their respective Wall Street firm. The following table shows the results. High-End Client Response Perk Received Pay a Kick-Back Lucrative Golf Outings Lavish Dinners Free Private Jet Use Prime Seats at Sports Events Other No Perk Received Client Response 9 25 28 22 30 15 21 Copy Data Step 3 of 3: What proportion of clients did not receive a perk at all? Round your answer to two decimal places if necessary.
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter7: Planning And Goal Setting
Section: Chapter Questions
Problem 1EE
Related questions
Question
![It is no secret that Wall Street firms compete aggressively to lure their clients. Having
more high-end clients translates into fees and revenues that turn into profits. A
survey of 150 high-end clients asked what lured them to their respective Wall Street
firm. The following table shows the results.
High-End Client Response
Perk Received
Pay a Kick-Back
Lucrative Golf Outings
Lavish Dinners
Free Private Jet Use
Prime Seats at Sports Events
Other
No Perk Received
Client Response
9
25
28
22
30
15
21
Copy Data
Step 3 of 3: What proportion of clients did not receive a perk at all? Round your
answer to two decimal places if necessary.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F137ed046-33f4-41e0-ad5d-5d36bd7ca4dc%2F7cf7c6d1-7e94-4489-802c-c653c22183fc%2F6sxqt3r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:It is no secret that Wall Street firms compete aggressively to lure their clients. Having
more high-end clients translates into fees and revenues that turn into profits. A
survey of 150 high-end clients asked what lured them to their respective Wall Street
firm. The following table shows the results.
High-End Client Response
Perk Received
Pay a Kick-Back
Lucrative Golf Outings
Lavish Dinners
Free Private Jet Use
Prime Seats at Sports Events
Other
No Perk Received
Client Response
9
25
28
22
30
15
21
Copy Data
Step 3 of 3: What proportion of clients did not receive a perk at all? Round your
answer to two decimal places if necessary.
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