Question

Greater independence: 63%

Paperless Statements: 55%
Quantity A: the percent of the people surveyed who gave greater independence or paperless statements or both as reasons
Quantity B: 80%

Compare above two quantities.

Answer 1

To compare the percent of people who gave greater independence or paperless statements or both as reasons, subtract the percentage of people who gave both reasons from the sum of the individual percentages. Compare the resulting value with the given percentage.

Step-by-step explanation:

To compare the two quantities, we need to determine the percentage of people who gave greater independence or paperless statements or both as reasons. We can do this by finding the total percentage of people who gave either reason individually, and then subtracting the percentage of people who gave both reasons, as this would result in double counting.

Quantity A: 63% + 55% - (63% × 55%)

Simplifying the equation, it becomes Quantity A: 63% + 55% - 0.63 × 55%

We can now calculate Quantity A and compare it to Quantity B, which is 80%.

If Quantity A is greater than Quantity B, then Quantity A is greater. If Quantity A is less than Quantity B, then Quantity B is greater. If Quantity A is equal to Quantity B, then the quantities are equal.