2) A recent survey in "New Business Age" dealt with the salaries of CEOs of mid-size companies in Nepal and whether company shareholders made money or lost money (see excel file "New Business Age"). 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?

MATLAB: An Introduction with Applications
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2) A recent survey in "New Business Age" dealt with the salaries of CEOs of mid-size
companies in Nepal and whether company shareholders made money or lost money (see excel
file "New Business Age"). 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?
Transcribed Image Text:2) A recent survey in "New Business Age" dealt with the salaries of CEOs of mid-size companies in Nepal and whether company shareholders made money or lost money (see excel file "New Business Age"). 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?
Made Money
Lost Money
Total
CEO > $1 Million
2
4
6
CEO < $1 Million
11
3
14
Total
13
7
20
Transcribed Image Text:Made Money Lost Money Total CEO > $1 Million 2 4 6 CEO < $1 Million 11 3 14 Total 13 7 20
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