Answer:
Option C
Step-by-step explanation:
Remaining part of the question
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.
Solution
The compensation in the range of 95 % is ($2,190,000, $4,720,000). This indicate that there are 95% chances that a given CEO compensation will fall with in the give range.
The given salary range is $5,000,000 which does not lie in the given range. Hence, it is in the region of the graph or bell curve where there are 5% chances that the given salary range will not fall into the given salary range i,e ($2,190,000, $4,720,000)
Hence, the actual average total compensation of CEOs in the service industry can or cannot be $5,000,000
Hence, option C is correct
