The following table shows the frequencies of executives salary ranges at a particular organization: Salary Range Frequency

Question:

The following table shows the frequencies of executives’

salary ranges at a particular organization:

Salary Range Frequency Under $60,000 2

$60,000 to under $70,000 5

$70,000 to under $80,000 7

$80,000 to under $90,000 4

$90,000 to under $100,000 6

$100,000 or more ?

Total 26

a. How many executives at this organization earned

$100,000 or more per year?

b. What is the probability that a randomly selected executive earned $100,000 or more per year?

c. What is the probability that a randomly selected executive earned $60,000 or more per year?

d. What is the probability that a randomly selected executive earned between $70,000 and $90,000 per year?

AppendixLO1

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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