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 Paid CEO Paid More Than $1 Less Than $1 Shareholders made money Shareholders lost money Million 2 Million Total 11 13 Total 6 8 5 11 16 24 If a company is randomly selected from the list of 24 studied, what is the probability: Click here for the Excel Data File Required: a. The CEO made more than $1 million? Note: Round your answer to 2 decimal places. Probability b. The CEO made more than $1 million or the shareholders lost money? Note: Round your answer to 2 decimal places. Probability

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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 Paid
CEO Paid
More Than $1 Less Than $1
Shareholders made money
Shareholders lost money
Million
2
6
Million
Total
11
13
5
11
Total
8
16
24
If a company is randomly selected from the list of 24 studied, what is the probability:
Click here for the Excel Data File
Required:
a. The CEO made more than $1 million?
Note: Round your answer to 2 decimal places.
Probability
b. The CEO made more than $1 million or the shareholders lost money?
Note: Round your answer to 2 decimal places.
Probability
Transcribed Image Text: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 Paid CEO Paid More Than $1 Less Than $1 Shareholders made money Shareholders lost money Million 2 6 Million Total 11 13 5 11 Total 8 16 24 If a company is randomly selected from the list of 24 studied, what is the probability: Click here for the Excel Data File Required: a. The CEO made more than $1 million? Note: Round your answer to 2 decimal places. Probability b. The CEO made more than $1 million or the shareholders lost money? Note: Round your answer to 2 decimal places. Probability
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