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.
c. What is the probability that in the sample more than 42% say that having a flexible work schedule is either very important or extremely important to their career success?
Solution
Given that,
p = 0.41
1 - p = 1 - 0.41 = 0.59
n = 100
= p = 0.41
= [p( 1 - p ) / n] = [(0.41 * 0.59) / 100 ] = 0.0492
P( > 0.42) = 1 - P( < 0.42)
= 1 - P(( - ) / < (0.42 - 0.41) / 0.0492)
= 1 - P(z < 0.20)
Using z table
= 1 - 0.5793
= 0.4207
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