It is desired to estimate the average Madison Christian Statistics

Question 14 / 22: 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). Which of the following interpretations is correct?

A We are 95% confident that the mean of the sampled CEOs falls in the interval $2,181,260 to
$5,836,180.

B We are 95% confident that the average total compensation of all CEOs in the Service industry
falls in the interval $2,181,260 to $5,836,180.

C 95% of the sampled total compensation values fell between $2,181,260 and $5,836,180.

D 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.

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