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Please help with the following questions: 1 A recent survey reported in BusinessWeek concerned the salaries of chief executive officers {CEO-s} at large corporations and
Please help with the following questions:
1
A recent survey reported in BusinessWeek concerned the salaries of chief executive officers {CEO-s} 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 11 15 Shareholders lost money 5 5 16 Total 9 16 25 If a company is randomly selected from the list of 25 studied, what is the probability: a. That the CED made more than $1 million? Probability b. That the CEO made more than $1 million, or the shareholders lost money? Probability c. That the l[IE0 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 A survey of 40 students at a business school showed the following majors: Accounting F in a n ce E - Corrine rce Management Ma r ketin; Suppose that you select a student and observe his or her major. a. What is the probability he or she is a management major? {Round the final answer to 3 decimal places.) Probability |:| b. Which concept of probability did you use to make this estimate? Fromm-rsStep by Step Solution
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