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A survey conducted by the Segal Company of New York found that in a sample of 189 large companies, 40 offered stock options to their board members as...
A survey conducted by the Segal Company of New York found that in a sample of 189 large companies, 40 offered stock options to their board members as part of their non-cash compensation packages. For small- to mid-sized companies, 43 of the 180 surveyed indicated that they offer stock options as part of their noncash compensation packages to their board members.
1) Set up a contingency table.
2) Referring to the table, if a company is selected at random, what is the probability that the company is small to mid-sized and did not offer stock options to their board members?
3) Referring to The table, if a company is selected at random, what is the probability that the company is small to mid-sized or offered stock options to their board members?
4) Referring to the table, if a randomly selected company is a large company, what is the probability that it offered stock options to their board members?
5) Referring to the table, if a randomly selected company offered stock options to their board members, what is the probability that it is a large company?
6) Referring to The table, is the size of the company independent of whether stock options are offered to their board members and why?