Question

11. Accenture’s Defining Success 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 80% 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.

a) What is the probability that in the sample fewer than 85% say that having a flexible

work schedule is either very important or extremely important to their career

success?

b) What is the probability that in the sample between 75% and 85% say that having a

flexible work schedule is either very important or extremely important to their

career success?

c) What is the probability that in the sample more than 82% say that having a flexible

work schedule is either very important or extremely important to their career

success?

d) If a sample of 400 is taken, how does this change your answers to (a) through (c)?

Answer 1