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.