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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 ($2,181,260, $5,836,180) . Based on the interval above, do you believe the average total compensation of CEOs in the Service industry is more than $3,000,000?
Coniferous Forest
A terrestrial biome dominated by coniferous trees, which are evergreens that have needle-shaped leaves and produce cones.
Evergreen Trees
Perennial plants that retain their leaves throughout the year, as opposed to deciduous trees that shed their leaves seasonally.
Temperate Deciduous Forest
A biome characterized by four seasons, where trees lose their leaves in winter, and it supports a wide range of biodiversity.
Tundra
A cold, treeless biome found in Arctic and Antarctic regions, characterized by permafrost, minimal vegetation, and short growing seasons.
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