MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A 90% confidence interval for the average salary of
all CEOs in the electronics industry was constructed
using the results of a random survey of 45 CEOS.
The interval was ($110,389, $128,192). Give a
practical interpretation of the interval.
A
B
C
D
We are 90% confident that the mean salary of
the sampled CEOs falls in the interval $110,389
to $128,192.
90% of the sampled CEOs have salaries that fell
in the interval $110,389 to $128,192.
90% of all CEOs in the electronics industry have
salaries that fall between $110,389 to $128,192.
We are 90% confident that the mean salary of
all CEOs in the electronics industry falls in the
interval $110,389 to $128,192.
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Transcribed Image Text:A 90% confidence interval for the average salary of all CEOs in the electronics industry was constructed using the results of a random survey of 45 CEOS. The interval was ($110,389, $128,192). Give a practical interpretation of the interval. A B C D We are 90% confident that the mean salary of the sampled CEOs falls in the interval $110,389 to $128,192. 90% of the sampled CEOs have salaries that fell in the interval $110,389 to $128,192. 90% of all CEOs in the electronics industry have salaries that fall between $110,389 to $128,192. We are 90% confident that the mean salary of all CEOs in the electronics industry falls in the interval $110,389 to $128,192.
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