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.

Acknowledge the importance of carefully considering psychometric properties when developing or selecting survey inventories.

Identify the principles and practices in survey design, including questionnaire development and pilot testing.

Recognize the significance of descriptive studies in suggesting possible causal connections and their limitations.

Understand the differences between various cohort designs and their levels of treatment.

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Definitions:

Single-Parent Household

A household in which one parent is responsible for raising child(ren) without the presence of a spouse or partner.

Family Function

The roles and operations within a family unit, including emotional support, socioeconomic provision, and upbringing of children.

Household Members

Individuals who occupy the same residential unit and share living arrangements, which may or may not be related by blood or marriage.

Physical Custody

A legal term referring to with whom a child lives and the arrangements for taking care of the child's daily needs.