Answer (Choose 1 answer)
It is desired to estimate the average total compensation of CEOs in the Service industry. Data were randomly collected from 35 CEOs and the 94% confidence interval was calculated to be (3451260, 7536180). Which of the following interpretations is correct?
A. We are 94% confident that the average total compensation of all CEOs in the Service industry falls in the interval 3451260 to 7536180
B. We are 94% confident that the mean of the sampled CEOs falls in the interval 3451260 to 7536180
C. In the population of Service industry CEOs, 94% of them will have total compensations that fall in the interval 3451260 to 7536180
D. 94% of the sampled total compensation values fell between 3451260 and 7536180
Exit 47
