A sample ot2 s shs totel annual c minimum ot $01 to Si2 7e million The average t

Question

A sample ot2 s shs totel annual c minimum ot $01 to Si2 7e million The average tor these 20 CEOs is S23.854 million s rangng trom a 0 20 40 60 80 Tatal compencation in milians 20 40 60 80 Total compensation in milions The histogram and boxplot ere shown above. Based on tese data, a computer pr g m ound at 6% confidence inte va or the mean an Cnse the correct answer below A. I he assumptions and conditions tor a t-interval are not met I he distribution bimndal O B. The assumptions and conditions for a t-interval are not met The distribution has a large outier that is pulling the mean higher C. he assumptions and conditions tor A t-interval are not met l he distnhution ts too skewed tor a sample sze ct only 2c D. The assumplions and conditions fo' a l nterval are mel. The confidenoe interval is satisfactory a compensation O C Os s 4 3 2.44 M h y shou ou be estant to us this confidence in

Explanation / Answer

Result:

correct option C

C. the assumptions and conditions for a t interval are not met. The distribution is too skewed for a sample size of 20.

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