It Is Desired to Estimate the Mean Total Compensation of CEOs

question 39

Multiple Choice

It is desired to estimate the mean total compensation of CEOs in the Service industry.Data were randomly collected from 18 CEOs and the 95% confidence interval was calculated to be ($2,181,260, $5,836,180) .Based on the interval above,do you believe the mean total compensation of CEOs in the Service industry is more than $3,000,000?

• A)Yes,and I am 95% confident of it.
• B)Yes,and I am 78% confident of it.
• C)I am 95% confident that the mean compensation is $3,000,000.
• D)I cannot conclude that the mean exceeds $3,000,000 at the 95% confidence level.

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Definitions:

Marianne Weber

A prominent German sociologist and women's rights activist, known for her works on marriage, family, and social economics, and as the wife of Max Weber.

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Feminist Thinking

A way of analyzing societal structures and relationships from the perspective of advocating for gender equality and challenging gender-based disparities.

Modern Women's Movement

A social movement that aims at achieving gender equality and addressing issues specifically faced by women, gaining momentum in the late 20th century.