A study conducted by Harvard Business School recorded the amount of time CEOs devoted to various activities during the workweek. Meetings were the single largest activity averaging 18 hours per week
Assume that the standard deviation for the time spent in meetings is 5.2 hours. To confirm these results, a random sample of 35 CEOs was selected. This sample averaged 16.8 hours per week in meetings. Which of the following statements is correct?A) The interval that contains 95% of the sample means is 16.3 and 19.7 hours. Because the sample mean is between these two values, we have support for the results of the CEO study by the Harvard Business School.
B) The interval that contains 95% of the sample means is 17.1 and 18.9 hours. Because the sample mean is not between these two values, we do not have support for the results of the CEO study by the Harvard Business School.
C) The interval that contains 95% of the sample means is 15.7 and 20.3 hours. Because the sample mean is between these two values, we have support for the results of the CEO study by the Harvard Business School.
D) The interval that contains 95% of the sample means is 15.7 and 20.3 hours. Because the sample mean is between these two values, we do not have support for the results of the CEO study by the Harvard Business School.
A
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