1.
A recent survey reported in BusinessWeek dealt with the
salaries of CEOs at large corporations and...
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Basic Math
1.
A recent survey reported in BusinessWeek dealt with thesalaries of CEOs at large corporations and whether companyshareholders made money or lost money.
CEO Paid More Than $1 Million
CEO Paid Less Than $1 Million
Total
Ă‚Â Ă‚Â Shareholders made money
6Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â
15Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â
21 Ă‚Â Ă‚Â Ă‚Â Ă‚Â
Ă‚Â Ă‚Â Shareholders lost money
8Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â
4Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â
12 Ă‚Â Ă‚Â Ă‚Â Ă‚Â
Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Total
14Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â
19Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â Ă‚Â
33 Ă‚Â Ă‚Â Ă‚Â Ă‚Â
If a company is randomly selected from the list of 33 studied,calculate the probabilities for the following :
(a)
The CEO made more than $1 million. (Round your answersto 3 decimal places.)
Ă‚Â Ă‚Â Probability
Ă‚Â Ă‚Â
(b)
The CEO made more than $1 million or the shareholders lostmoney. (Round your answers to 3 decimalplaces.)
Ă‚Â Ă‚Â Probability
Ă‚Â Ă‚Â
(c)
The CEO made more than $1 million given the shareholders lostmoney. (Round your answers to 3 decimalplaces.)
Ă‚Â Ă‚Â Probability
Ă‚Â Ă‚Â
(d)
Select 2 CEOs and find that they both made more than $1 million.(Round your answers to 3 decimal places.)
Ă‚Â Ă‚Â Probability
Ă‚Â Ă‚Â
2.
The probability a HP network server is down is .062. If you havefour independent servers, what is the probability that at least oneof them is operational? (Round your answer to 6 decimalplaces.)
Ă‚Â Ă‚Â Probability
Ă‚Â Ă‚Â
Answer & Explanation
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1 a P The CEO made more than 1 million 1433 0424 So Answer is Probability 0424 b P The CEO made more than 1 million or the shareholders lost money P The
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