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During the late eighties when mutual fund companies were rapidly expanding their share of the financial service industry, Kidder-Peabody Brokerage surveyed owners of stocks and asked them whether they would be more willing to buy individual securities or mutual fund. Seventy percent of those who responded said that they would prefer individual stocks. On the basis of this survey, Kidder-Peabody decided to continue brokering only individual stocks. Yet during the '90s, Kidder-Peabody lost even more of the market to the mutual fund companies.
Which one of the following, if it were determined to be true, would best explain this discrepancy?
(A) Only 10 percent of those who were polled replied.
(B) Cabot Brokerage which conducted a similar survey with similar results continued to broker only individual stocks and also lost more of their market to mutual fund companies.
(C) The surveyed clients who preferred individual stocks also preferred big homes.
(D) Kidder-Peabody determined that it would be more profitable to broker individual stocks.
(E) Eighty percent of the clients who wanted individual stocks and only 40 percent of the
clients who wanted mutual funds replied to the survey.
During the late eighties when mutual fund companies were rapidly expanding their share of the financial service industry, Kidder-Peabody Brokerage surveyed owners of stocks and asked them whether they would be more willing to buy individual securities or mutual fund. Seventy percent of those who responded said that they would prefer individual stocks. On the basis of this survey, Kidder-Peabody decided to continue brokering only individual stocks. Yet during the '90s, Kidder-Peabody lost even more of the market to the mutual fund companies.
Which one of the following, if it were determined to be true, would best explain this discrepancy?
(A) Only 10 percent of those who were polled replied.
(B) Cabot Brokerage which conducted a similar survey with similar results continued to broker only individual stocks and also lost more of their market to mutual fund companies.
(C) The surveyed clients who preferred individual stocks also preferred big homes.
(D) Kidder-Peabody determined that it would be more profitable to broker individual stocks.
(E) Eighty percent of the clients who wanted individual stocks and only 40 percent of the
clients who wanted mutual funds replied to the survey.
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