A recent survey reported in BusinessWeek dealt with the salaries of CEOs at larg

Question

A recent survey reported in BusinessWeek dealt with the salaries of CEOs at large corporations and whether company shareholders made money or lost money.

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

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

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

A recent survey reported in BusinessWeek dealt with the salaries of CEOs at large corporations and whether company shareholders made money or lost money.

Explanation / Answer

A
Probability = Total CEO Paid More Than $1 Million / Total
= 7 / 23 = 0.3044

B
Probability = 1 - Total CEO Paid Less Than $1 Million and shareholder made money / Total
= 1

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