Quiz: Chapter 4 Review Quiz of executives\' salary ranges at a paricular organiz
ID: 3374542 • Letter: Q
Question
Quiz: Chapter 4 Review Quiz of executives' salary ranges at a paricular organization. d) What is the probability of randomly selecing an exeoutive who eamed between $70,000 and $90.000 per year? a) Ofthe ?°caves at this oganaason.]earned $100,000 or more per year (Round to hree decimal places as needed) ) The probability of randomly selecting an executive who eamed $60.000 or more per year is (Round to three decimal places as needed) The probability of randomly seecting an axecutive who earmed betwoen $70,000 and S90,000 per year i&
Explanation / Answer
a) Of the executives at the organization, 3 earned 100,000 or more per year
b) The probability of randomly selecting an executive who earned 100,000 or more per year is 3/26 = 0.11538
c) The probability of randomly selecting an executive who earned 60,000 or more per year is 24/26 = 0.9231
d)The probability of randomly selecting an executive who earned 70,000 and 90000 per year is 10/26 = 0.3846
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