A recent survey reported in BusinessWeek dealt with the salaries of CEOs at larg
ID: 1094827 • Letter: A
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