1 - b options : uniformity / classical / inference / randomless /empirical

A survey of 39 students at a business school showed the following majors: Accounting Finance E-Commerce Management Marketing 14 5 2 4 14 Suppose that you select a student and observe his or her major. a. What is the probability he or she is a management major? (Round the final answer to 3 decimal places.) Probability b. Which concept of probability did you use to make this estimate? Probability (Click to select) A recent survey reported in BusinessWeek concerned the salaries of chief executive officers (CEOs) at large corporations and whether company shareholders made or lost money. (Round the final answers to 3 decimal places.) CEO Paid More CEO Paid Less Than $1 Million Than $1 Million Total Shareholders made money Shareholders lost money Total 5 8 13 12 6 18 17 14 31 If a company is randomly selected from the list of 31 studied, what is the probability: a. That the CEO made more than $1 million? Probability b. That the CEO made more than $1 million, or the shareholders lost money? Probability c. That the CEO made more than $1 million given the shareholders lost money? Probability d. Of selecting two CEOs and finding they both made more than $1 million? Probability