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A recent survey reported in BusinessWeek concerned the salaries of chief executive officers (CEOs) at large corporations and whether company shareholders made or lost money.
A recent survey reported in BusinessWeek concerned the salaries of chief executive officers (CEOs) at large corporations and whether company shareholders made or lost money. (Round the final answers to 3 decimal places.) CEO Paid More CEO Paid Less Than $1 Million Than $1 Million Total Shareholders made money 4 12 16 Shareholders lost money 5 6 11 Total 9 18 27 If a company is randomly selected from the list of 27 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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