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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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