It is desired to estimate the average total compensation of CEOs in the publishing industry. Data were randomly collected from 18 CEOs and 95% confidence interval was calculated to be ($2,190,000, $4,720,000). Based on the interval above, do you believe the actual average total compensation of CEOs in the publishing industry could be $3,000,000.
a. Yes, and I am sure of that.
b. Yes, and I am 95% confident of that.
c. No, and I am sure of that.
d. No, and I am 95% confident of that.
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