Statement of a problem № m101


A recent survey reported in Bloomberg Business week dealt with the salaries of CEOs at large corporations and whether company shareholders made money or lost money.  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 $1million?

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