A sample of 20 CEOs shows total annual compensations ranging…
A sample of 20 CEOs shows total annual compensations ranging from a minimum of $0.1 to $65.28 million. The average for these 20 CEOs is $35.806 million. The histogram and boxplot are shown below. Based on these data, a computer program found that a 95% confidence interval for the mean annual compensation of all CEOs is (−7.02,78.63) $M. Why should you be hesitant to trust this confidence interval?
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