Multiple Choice
It is desired to estimate the average total compensation of CEOs in the publishing industry.Data were randomly collected from 18 CEOs and 95% confidence interval was calculated to be ($2,190,000,$4,720,000) .Based on the interval above,do you believe the actual average total compensation of CEOs in the publishing industry could be $3,000,000?
A) Yes,and I am sure of that.
B) Yes,and I am 95% confident of that.
C) No,and I am sure of that.
D) No,and I am 95% confident of that.
Correct Answer:
Verified
Correct Answer:
Verified
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