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It Is Desired to Estimate the Average Total Compensation of CEOs

question 10

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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?


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