What is the value of yearly compensation package that includes $65,000 salary the forecast of a $350 Dollar per month health ins
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Answer: 0.0885
Step-by-step explanation:
Given : According to a recent Catalyst Census, 16% of executive officers were women with companies that have company headquarters in the Midwest.
i.e. p= 0.16
Sample size : n= 154
Now, the probability that more than 20% of this sample is comprised of female employees is given by :-
[∵ ]
[Using the standard z-value table]
Hence, the required probability = 0.0885