A research group conducted an extensive survey of 3050 wage and salaried workers on issues ranging from relationships with their bosses to household chores. The data were gathered through hour-long telephone interviews with a nationally representative sample. In response to the question, "What does success mean to you?" 1536 responded, "Personal satisfaction from doing a good job." Let p be the population proportion of all wage and salaried workers who would respond the same way to the stated question. How large a sample is needed if we wish to be 95% confident that the sample percentage of those equating success with personal satisfaction is within 2.1% of the population percentage?

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A:

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Q: In 1955, Life Magazine reported that the 25 year-old mother of three worked, on average, an 80hour…

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.