Problem: In the 2015 survey of Fortune 500 companies, CEOs were interviewed and theiropinions about several issues were recorded.Two of the issues tackled aremanaging private vs public company and outlook for the next five years.Of those surveyed,85%believe thatitiseasier tomanage theircompanyifitwereprivate.Inanother question, 90% of CEOs believe that the next five years will be better thanthe previous five years.Of those who are pessimistic about the next five years intheircompany,50%actually wishthattheyaremanagingaprivate company.

Question

1. -Of the380participantsinthe survey,howmanydoNOTbelieve thatitiseasier tomanagetheircompany ifit wereprivate?
2. WhatistheprobabilitythataCEOchosenatrandombelieves thatitiseasiertomanageaprivate companyandispessimisticabout thenextfiveyears?
3. Whatistheprobabilitya CEOchosenatrandom isoptimisticonthenextfiveyearsorthathe/shebelieves thatitiseasiertomanageaprivatecompany?

(show solutions)