Survey of the top 40 best-paid CEOs shown in Table 2.1. The data on highest degree obtained are summarized in the SPSS printout below.
For Information: Refer to the results of the Forbes (April 13, 2011)

Suppose you randomly select five of the CEOs (without replacement) and record the highest degree obtained by each.
a. What is the probability that the highest degree obtained by the first CEO you select is a bachelor's degree?
b. Suppose the highest degree obtained by each of the first four CEOs you select is a bachelor's degree. What is the probability that the highest degree obtained by the fifth CEO you select is a bachelor's degree?

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DEGREE Cumulative Frequency Percent Valid PercentPercent Valid Bachelors 13 Law Masters MBA None PhD Total 32.5 2.5 12.5 37.5 10.0 5.0 100.0 32.6 2.5 12.5 37.5 10.0 5.0 100,0 32.6 35.0 47.5 85.0 95.0 100.0 15 40