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:

Applied Voltage

The voltage that is externally applied to an electrical circuit or device, driving the current through it.

Circuit Impedance

The total current-limiting property of an AC circuit.

RLC Parallel Circuit

A circuit consisting of a resistor (R), inductor (L), and capacitor (C) all connected in parallel.

Circuit Capacitance

The ability of an electrical circuit to store charge, measured in farads.