6. A recent survey reported in Bloomberg Businessweek dealt with the salaries of CEOS at large corporations and whether company shareholders made money or lost money. CEO Made More Than CEO Made Less Than $1 Million 11 Total $1 Million Shareholders made money Shareholders lost money Total 2 13 5 11 16 24 If a company is randomly selected from the list of 24 studied, what is the probability: (show all your calculation, not just the final answers) (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?

MATLAB: An Introduction with Applications
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6. A recent survey reported in Bloomberg Businessweek dealt with the salaries of CEOS at large
corporations and whether company shareholders made money or lost money.
CEO Made More Than CEO Made Less Than
$1 Million
Total
$1 Million
Shareholders made money
Shareholders lost money
Total
2
11
13
6
5
11
16
24
If a company is randomly selected from the list of 24 studied, what is the probability: (show
all your calculation, not just the final answers)
(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) (Advanced) Of selecting two CEOS and finding they both made more than $1 million?
Transcribed Image Text:6. A recent survey reported in Bloomberg Businessweek dealt with the salaries of CEOS at large corporations and whether company shareholders made money or lost money. CEO Made More Than CEO Made Less Than $1 Million Total $1 Million Shareholders made money Shareholders lost money Total 2 11 13 6 5 11 16 24 If a company is randomly selected from the list of 24 studied, what is the probability: (show all your calculation, not just the final answers) (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) (Advanced) Of selecting two CEOS and finding they both made more than $1 million?
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