SCENARIO 4-9 A Survey Conducted by the Segal Company of New York

Short Answer

SCENARIO 4-9
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.
-Referring to Scenario 4-9,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?