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 41% 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 working women. Answer parts (a) through (d).
b. What is the probability that in the sample between 36% and 47% say that having a flexible work schedule is either very important or extremely important to their career success?
Solution:
Given: One of the most important contributors to work-life balance identified by the survey was "flexibility," with 41% of women saying that having a flexible work schedule is either very important or extremely important to their career success.
That is: p = proportion of f women saying that having a flexible work schedule is either very important or extremely important to their career success = 41%
thus p = 0.41
Sample size = n = 100
Part b) What is the probability that in the sample between 36% and 47% say that having a flexible work schedule is either very important or extremely important to their career success?
That is we have to find:
Since sample size = n = 100 is large and thus we can use Normal approximation to proportion if following assumptions are satisfied:
Thus
and
Thus we can use Normal approximation to proportion .
Find z scores:
and
Thus we get:
Look in z table for z = -1.0 and 0.02 as well as for z = 1.2 and 0.02 and find corresponding area.
Thus we get:
P( Z < -1.02) = 0.1539
P( Z < 1.22) =0.8888
Thus we get:
Thus the probability that in the sample between 36% and 47% say that having a flexible work schedule is either very important or extremely important to their career success is 0.7349