A survey of 300 CEOs was conducted in which the CEOs were to list their corporations geographical

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A survey of 300 CEOs was conducted in which the CEOs were to list their corporation’s geographical location: Northeast (NE), Southeast (SE), Midwest

(MW), Southwest (SW), and West (W). They were also requested to indicate their company’s industrial type:

Communications (C), Electronics (E), Finance (F), and Manufacturing (M). The file titled CEOInfo contains sample data similar to those used in this study.

a. Determine the probability that a randomly chosen CEO would have a corporation in the West.

b. Compute the probability that a randomly chosen CEO would have a corporation in the West and head an electronics corporation.

c. Calculate the probability that a randomly chosen CEO would have a corporation in the East or head a communications corporation.

d. Of the corporations located in the East, calculate the probability that a randomly selected CEO would head a communications corporation.

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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