Kizspy | Question: 2 (Choose 1 answer)
It is desired to estimate the average total compensation of CEOs in the Service industry. Data were randomly collected from 18 CEOs and the 97% confidence interval was calculated to be (2181260, 5836180). Which of the following interpretations is correct?
A. We are 97% confident that the average total compensation of all CEOs in the Service industry falls in the
interval 2181260 to 5836180.
B. We are 97% confident that the mean of the sampled CEOs falls in the interval 2181260 to 5836180.
C. In the population of Service industry CEOs, 97% of them will have total compensations that fall in the interval 2181260 to 5836180.
D. 97% of the sampled total compensation values fell between 2181260 and 5836180.
