In: Statistics and Probability
A study reports that % of companies in Country A have three or more female board directors. Suppose you select a random sample of 100 respondents. Complete parts (a) through (c) below. 36 a. What is the probability that the sample will have between % and % of companies in Country A that have three or more female board directors? 29 40 The probability is . (Round to four decimal places as needed.) b. The probability is % that the sample percentage of Country A companies having three or more female board directors will be contained within what symmetrical limits of the population percentage? 60 The probability is 60 % that the sample percentage will be contained above % and below %. (Round to one decimal place as needed.) c. The probability is % that the sample percentage of Country A companies having three or more female board directors will be contained within what symmetrical limits of the population percentage? 95 The probability is 95 % that the sample percentage will be contained above % and below %. (Round to one decimal place as needed.)
p=0.36
n=100
For p,
Mean = 0.36
Standard deviation = sqrt (0.36 * 0.64)/sqrt(100) = 0.048
p ~ N(0.36 , 0.0482)
What is the probability that the sample will have between 33% and 37% of companies in Country A that have three or more female board directors(four decimal places)
P (0.33 < p < 0.37)
= P(-0.625 < Z < 0.208333)
= P(Z < 0.208333) - P(Z < -0.625)
= 0.5825 - 0.2660
= 0.3165 Answer
The probability is 70% that the sample percentage of Country A companies having three or more female board directors will be contained within what symmetrical limits of the population percentage? (one decimal place)
The 70% symmetric limits are
The probability is 95% that the sample percentage of Country A companies having three or more female board directors will be contained within what symmetrical limits of the population percentage? (one decimal place)
The 95% symmetric limits are