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:

Social-cognitive Theorist

A scholar who focuses on how people learn by observing others, and how they control their behavior through cognitive processes.

Moral Behavior

Actions that are in accordance with societal norms and values regarding right and wrong.

Think Morally

The process of evaluating actions and decisions based on ethical principles and considerations of right and wrong.

Freud

The founder of psychoanalysis, a method for treating psychological pathology through dialogue between a patient and a psychoanalyst.