176 employees of your firm were asked about their job satisfaction. Out of the 176, 157 said they were unsatisfied. What is the estimate of the population proportion? What is the standard error of this estimate?
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Solution :
Given that,
n = 176
x = 157
Point estimate = sample proportion = = x / n = 157 /176 = 0.892
1 - = 1-0.892 = 0.108
Standard error = (( * (1 - )) / n)
= *((0.892*(0.0.108) /176 )
= 0.0234
Answer =
1) |
Estimate of proportion: 0.892, Standard error: 0.0234. |
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