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 Than $1 Million CEO Paid Less Than $1 Million Total Shareholders made money 4 12 16 Shareholders lost money 4 3 7 Total 8 15 23
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Adi S.
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. $$ \begin{array}{|cccc|} \hline & \begin{array}{c} \text { CEO Paid More } \\ \text { Than \$1 Million } \end{array} & \begin{array}{c} \text { CEO Paid Less } \\ \text { Than \$1 Million } \end{array} & \text { Total } \\ \hline \text { Shareholders made money } & 2 & 11 & 13 \\ \text { Shareholders lost money } & \underline{4} & 3 & \frac{7}{20} \\ \hline \text { Total } & 6 & 14 & 20 \\ \hline \end{array} $$ If a company is randomly selected from the list of 20 studied, what is the probability: a. The CEO made more than $\$ 1$ million? b. The CEO made more than $\$ 1$ million or the shareholders lost money? c. The CEO made more than $\$ 1$ million given the shareholders lost money? d. Of selecting two CEOs and finding they both made more than $\$ 1$ million?
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 Than $1 Million CEO Paid Less Than $1 Million Total Shareholders made money 4 14 18 Shareholders lost money 8 6 14 Total 12 20 32 If a company is randomly selected from the list of 32 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
H M.
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