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A recent survey reported in BusinessWeek concerned the salaries of chief executive officers {CEDs} at large corporations and whether company shareholders made or lost money.
A recent survey reported in BusinessWeek concerned the salaries of chief executive officers {CEDs} at large corporations and whether company shareholders made or lost money. {Round the final answers to 3 decimal places.) CED Paid More CED Paid Less Than $1 Million Than $1 Million Total Shareholders made money 4- 14 18 Shareholders lost money 8 3 11 Total 12 17 29 If a company is randomly selected from the list of 29 studied, what is the probability: a. That the CEO made more than $1 million? Probability b. That the CEO made more than $1 million, or the shareholders lost money? Probability c. That the CEO made more than $1 million given the shareholders lost money? Probability d. Of selecting two CEOs and finding they both made more than $1 million? Probability
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