# Question: Reporter D McGinn discussed the changing demographics for successful chief

Reporter D. McGinn discussed the changing demographics for successful chief executive officers (CEOs) of America's top companies in the article, "Fresh Ideas" (Newsweek, June 13, 2005, pp. 42-46). The following frequency distribution reports the highest education level achieved by Standard and Poor's top 500 CEOs.

Level Frequency

No college ........ 14

B.S./B.A. ........ 164

M.B.A. ........ 191

J.D. ........... 50

Other .......... 81

Find the probability that a randomly selected CEO from Standard and Poor's top 500 achieved the educational level of

a. B.S./B.A.

b. Either M.B.A. or J.D.

c. At least some college.

Level Frequency

No college ........ 14

B.S./B.A. ........ 164

M.B.A. ........ 191

J.D. ........... 50

Other .......... 81

Find the probability that a randomly selected CEO from Standard and Poor's top 500 achieved the educational level of

a. B.S./B.A.

b. Either M.B.A. or J.D.

c. At least some college.

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