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One Explanation Put Forth for the Scarcity of Women CEOs

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Essay

One explanation put forth for the scarcity of women CEOs in the high tech industry is that there is a lack of mentoring opportunities for women. A recent survey of CEOs in this industry found that 80% were men. Moreover, 75% of those who were surveyed had been mentored, but only 15% were mentored women.
a. Construct the contingency table.
b. Are two events W = {a randomly selected CEO is a woman} and N = {a randomly selected CEO has not been mentored} independent? Explain.


Definitions:

Life Cycle Hypothesis

An economic theory suggesting that individuals plan their consumption and savings behavior over their lifetime, aiming for a stable level of consumption.

Permanent Income Hypothesis

The theory that an individual's consumption patterns are based on their long-term income expectations rather than their current income.

Income Distribution

How wealth and income are shared among a population, often analyzed for insights into economic inequality.

Minimum-wage Laws

Legislation that sets the lowest legal wage that can be paid to workers, aiming to ensure a minimum standard of living for employees.

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