In: Statistics and Probability
A global research study found that the majority of today's working women would prefer a better work-life balance to an increased salary. One of the most important contributors to work-life balance identified by the survey was "flexibility," with 42 42% of women saying that having a flexible work schedule is either very important or extremely important to their career success. Suppose you select a sample of 100 100 working women. Answer parts (a) through (d). a. What is the probability that in the sample fewer than 45 45% say that having a flexible work schedule is either very important or extremely important to their career success? nothing (Round to four decimal places as needed.) b. What is the probability that in the sample between 35 35% and 45 45% say that having a flexible work schedule is either very important or extremely important to their career success? nothing (Round to four decimal places as needed.) c. What is the probability that in the sample more than 40 40% say that having a flexible work schedule is either very important or extremely important to their career success? nothing (Round to four decimal places as needed.) d. If a sample of 400 400 is taken, how does this change your answers to (a) through (c)? The probability that in the sample fewer than 45 45% say that having a flexible work schedule is either very important or extremely important to their career success is nothing . The probability that in the sample between 35 35% and 45 45% say that having a flexible work schedule is either very important or extremely important to their career success is nothing . The probability that in the sample more than 40 40% say that having a flexible work schedule is either very important or extremely important to their career success is nothing .
p = 0.42
n = 100
= p = 0.42
= sqrt(p(1 - p)/n)
= sqrt(0.42 * (1 - 0.42)/100)
= 0.0494
a) P( < 0.45)
= P(( - )/ < (0.45 - )/)
= P(Z < (0.45 - 0.42)/0.0494)
= P(Z < 0.61)
= 0.7291
b) P(0.35 < < 0.45)
= P((0.35 - )/ < ( - )/ < (0.45 - )/)
= P((0.35 - 0.42)/0.0494 < Z < (0.45 - 0.42)/0.0494)
= P(-1.42 < Z < 0.61)
= P(Z < 0.61) - P(Z < -1.42)
= 0.7291 - 0.0778
= 0.6513
c) P( > 0.4)
= P(( - )/ > (0.4 - )/)
= P(Z > (0.4 - 0.42)/0.0494)
= P(Z > -0.40)
= 1 - P(Z < -0.40)
= 1 - 0.3446
= 0.6554
d) n = 400
p = 0.42
= p = 0.42
= sqrt(p(1 - p)/n)
= sqrt(0.42 * (1 - 0.42)/400)
= 0.0248
i) P( < 0.45)
= P(( - )/ < (0.45 - )/)
= P(Z < (0.45 - 0.42)/0.0248)
= P(Z < 1.21)
= 0.8869
ii) P(0.35 < < 0.45)
= P((0.35 - )/ < ( - )/ < (0.45 - )/)
= P((0.35 - 0.42)/0.0248 < Z < (0.45 - 0.42)/0.0248)
= P(-2.82 < Z < 1.21)
= P(Z < 1.21) - P(Z < -2.82)
= 0.8869 - 0.0024
= 0.8845
iii) P( > 0.4)
= P(( - )/ > (0.4 - )/)
= P(Z > (0.4 - 0.42)/0.0248)
= P(Z > -0.81)
= 1 - P(Z < -0.81)
= 1 - 0.2090
= 0.7910