It Is Desired to Estimate the Average Total Compensation of CEOs

question 10

Multiple Choice

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?

• A)Yes,and I am sure of that.
• B)Yes,and I am 95% confident of that.
• C)No,and I am sure of that.
• D)No,and I am 95% confident of that.

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Definitions:

Interchangeable

Items or elements that can be substituted for one another without affecting functionality or value.

Intragroup Conflict

Disagreements or disputes that occur within a single group, team, or organization.

Sources of Conflict

Factors or circumstances that can lead to disagreements or disputes between individuals or groups, including differences in values, needs, desires, or perceptions.

Destructive Image

A perception or portrayal that undermines or negatively impacts an individual, group, or concept.