Answer:
175
Step-by-step explanation:
The sample size n in Simple Random Sampling is given by
[tex]\bf n=\frac{z^2s^2}{e^2}[/tex]
where z = 1.96 is the z-score associated with a 95% confidence level ans s the standard deviation.
Replacing values
[tex]\bf n=\frac{(1.96)^2(675)^2}{(100)^2}=175[/tex]
So, there should be 175 chief executive officers in a sample if we want to estimate the population mean annual salary plus bonus with a margin of error of $100,000
