Question
A recent survey reported in Bloomberg Businessweek dealt with the salaries of CEOs at large corporations and whether company shareholders made money or lost money.
A recent survey reported in Bloomberg Businessweek dealt with the salaries of CEOs at large corporations and whether company shareholders made money or lost money.
CEO Made More Than $1 Million | CEO Made Less Than $1 Million | Total | |
---|---|---|---|
Shareholders made money | 3 | 15 | 18 |
Shareholders lost money | 8 | 6 | 14 |
Total | 11 | 21 | 32 |
Click here for the Excel Data File If a company is randomly selected from the list of 32 studied, what is the probability: a. The CEO made more than $1 million? (Round your answer to 2 decimal places.)
b. The CEO made more than $1 million or the shareholders lost money? (Round your answer to 2 decimal places.)
c. The CEO made more than $1 million given the shareholders lost money? (Round your answer to 4 decimal places.)
d. Of selecting two CEOs and finding they both made more than $1 million? (Round your answer to 4 decimal places.)
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