It Is Desired to Estimate the Mean Total Compensation of CEOs

question 22

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) .Which of the following interpretations is correct?

• A) 95% of the sampled total compensation values fell between $2,181,260 and $5,836,180.
• B) We are 95% confident that the mean of the sampled CEOs falls in the interval $2,181,260 to $5,836,180.
• C) In the population of Service industry CEOs, 95% of them will have total compensations that fall in the interval $2,181,260 to $5,836,180.
• D) We are 95% confident that the mean total compensation of all CEOs in the Service industry falls in the interval $2,181,260 to $5,836,180.

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Definitions:

Freudian Theory

A theoretical approach in psychoanalytic psychology developed by Sigmund Freud, focusing on unconscious motivations and the complex interplay of the id, ego, and superego in personality development.

Sexual Motives

Psychological and biological factors that drive and direct human sexual behavior and desires.

Archetypes

Jung’s collective, universal human memories.

Recurring Themes

Elements or ideas that appear repeatedly in a literary work, film, or other piece of artistic expression, serving to underscore deeper messages or values.