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Mathematics, 29.11.2019 03:31 gdog5644

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? 1) yes, and i am 95% confident of it.2) i cannot conclude that the average exceeds $3,000,000 at the 95% confidence level.3) i am 95% confident that the average compensation is $3,000,000.4) yes, and i am 78% confident of it.

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