Question
QUESTION 7 It is desired to estimate the mean total compensation of CEOs in the Service industry. Data were randomly collected from 45 CEOs and
QUESTION 7
It is desired to estimate the mean total compensation of CEOs in the Service industry. Data were randomly collected from 45 CEOs and the 95% confidenceinterval was calculated to be ($139,134,$154,365). Which of the following interpretations is correct?
| A. | In the population of Service industry CEOs, 95% of them will have total compensations that fall in the interval $139,134 to $154,365. | |
| B. | We are 95% confident that the mean of the sampled CEOs falls in the interval $139,134 to $154,365. | |
| C. | We are 95% confident that the mean total compensation of all CEOs in the Service industry falls in the interval $139,134 to $154,365. | |
| D. | 95% of the sampled total compensation values fell between $139,134 to $154,365. |
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Calculus Early Transcendentals
Authors: Michael Sullivan, Kathleen Miranda
7th Edition
1464144397, 9781464144394
