Multiple Choice
It is desired to estimate the average total compensation of CEOs in the Service industry.Data were randomly collected from 18 CEOs and the 95% confidence interval was calculated to be ($2,181,260,$5,836,180)
-Which of the following interpretations is correct?
A) 95% of the sampled total compensation values fell between $2,181,260 and $5,836,180.
B) In the population of Service industry CEOs, 95% of them will have total compensations that fall in the interval $2,181,260 to $5,836,180.
C) We are 95% confident that the mean of the sampled CEOs falls in the interval $2,181,260 to $5,836,180.
D) We are 95% confident that the average total compensation of all CEOs in the Service industry falls in the interval $2,181,260 to $5,836,180.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: In forming a 90% confidence interval for
Q75: The sampling error can either be positive
Q141: Instruction 8-1<br>A random sample of 100 stores
Q142: Instruction 8-19<br>A university wanted to find out
Q143: Instruction 8-19<br>A university wanted to find out
Q144: Instruction 8-10<br>The actual voltages of power packs
Q148: It is desired to estimate the average
Q149: Instruction 8-5<br>The actual voltages of power packs
Q150: Instruction 8-20<br>A business and management magazine conducted
Q151: A prison official wants to estimate the