# Question

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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