It Is Desired to Estimate the Average Total Compensation of CEOs

question 148

Multiple Choice

It is desired to estimate the average 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 average total compensation of CEOs in the Service industry is more than $3,000,000?

• A) I am 95% confident that the average compensation is $3,000,000.
• B) Yes, and I am 95% confident of it.
• C) Yes, and I am 75% confident of it.
• D) I cannot conclude that the average exceeds $3,000,000 at the 95% confidence level.

---

Definitions:

Well-Adjusted

Refers to an individual who is mentally and emotionally stable, able to handle stress, and adapt to various social situations effectively.

Defensive Coping

Strategies used to protect oneself from psychological harm through denial, avoidance, or by deflecting difficult emotions or situations.

Religious Commitment

The degree of dedication an individual has towards a particular religion or set of spiritual beliefs, often demonstrated through practices, participation, and adherence to values.

Well-Adjusted Person

An individual who is capable of coping with and managing personal and social demands in a healthy and constructive manner.