Based on these data a computer program found that a 95


A sample of 20 CEOs from the Forbes 500 shows total annual compensations ranging from a minimum of $0.1 to $62.24 million. The average for these 20 CEOs is $7.946 million. The histogram and boxplot are as follows:

1127_Fig 8.jpg

Based on these data, a computer program found that a 95% confidence interval for the mean annual compensation of all Forbes 500 CEOs is (1.69, 14.20) $ million. Why should you be hesitant to trust this confidence interval?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Based on these data a computer program found that a 95
Reference No:- TGS02218770

Expected delivery within 24 Hours