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It is desired to estimate the mean total compensation of CEOs in the Service Industry. Data were randomly collected from 180 CEOS and the 95%

It is desired to estimate the mean total compensation of CEOs in the Service Industry. Data were randomly collected from 180 CEOS and the 95% confidence interval was calculated to be ($2,181,260, $5,836,180). Based on this interval, do you believe the mean total compensation of CEOs in the Service Industry is more than $3,000,000?

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