It is desired to estimate the mean total compensation of CEOs in the Service industry. Data were randomly collected from 45 CEOs and the 95% confidence interval was calculated to be ($139,134,$154,365). Which of the following interpretations is correct? a. They are 95% confident that the mean total compensation of all CEOs in the Service industry falls in the interval $2,181,250 to $5,836,180.
b. 95% of the sampled total compensation values fell between $2,181,260 and $5,181,180.
c. In the population of Service industry CEO's, 95% of them will have total compensations that fall in the interval $2,181,260 to $5,836,180.
d. They are 95% confident that the mean of the sampled CEO's falls in the interval of $2,181,260 to $5,836,180.