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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
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. Shareholders made money Shareholders lost money Total CEO Made CEO Made More Than $1 Less Than $1 Million 3 Million Total 11 14 5 5 10 B 16 24 Click here for the Excel Data File If a company is randomly selected from the list of 24 studied, what is the probability: a. The CEO made more than $1 million? (Round your answer to 2 decimal places.) Probablity b. The CEO made more than $1 million or the shareholders lost money? (Round your answer to 2 decimal places.) Probability
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