A recent survey reported in business week dealt with the


A recent survey reported in Business Week dealt with the salaries of CEOs at large cor-porations 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 $1 million?

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Business Economics: A recent survey reported in business week dealt with the
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