A Researcher Takes a Sample of 500 Executives in Large

Multiple Choice

A researcher takes a sample of 500 executives in large U.S. corporations. In the sample the average annual income for the executives is $500,000. Our researcher estimates the value of the standard error to be $10,000. Complete the following statements: "The sample result was $500,000 with a margin of error of ___________ and a level of confidence of 95 percent."

A) $1,000
B) $10,000
C) $20,000
D) $480,000