A marketing research company is estimating the average total compensation of CEOs in
the service industry. Data were randomly collected from 18 CEOs and the 90% confidence
interval was calculated to be ($2,181,260, $5,836,180). Give a practical interpretation of the
confidence interval.

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The Answer of A marketing research company is estimating the average total compensation of CEOs in
the service industry. Data were randomly collected from 18 CEOs and the 90% confidence
interval was calculated to be ($2,181,260, $5,836,180). Give a practical interpretation of the
confidence interval.

A Marketing Research Company Is Estimating the Average Total Compensation