Ceo paid more than 1 million ceo paid less than 1 million

Reference no: EM13628495

A recent survey reported in BusinessWeek dealt with the salaries of CEOs at large corporations and whether company shareholders made money or lost money. CEO Paid More Than $1 Million CEO Paid Less Than $1 Million Total Shareholders made money 4 13 17 Shareholders lost money 6 5 11 Total 10 18 28 If a company is randomly selected from the list of 28 studied, calculate the probabilities for the following :

(a) The CEO made more than $1 million. (Round your answer to 2 decimal places.) Probability 3

(b) The CEO made more than $1 million or the shareholders lost money. (Round your answer to 2 decimal places.) Probability

(c) The CEO made more than $1 million given the shareholders lost money. (Round your answer to 4 decimal places.) Probability

(d) Select two CEOs and find that they both made more than $1 million. (Round your answer to 4 decimal places.) Probability

Reference no: EM13628495

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