Math Problem Statement
A research group conducted an extensive survey of 3130 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?" 1571 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 2.9% of the population percentage?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Proportion Estimation
Confidence Intervals
Formulas
n = (Z^2 * p * (1 - p)) / E^2
Theorems
Central Limit Theorem
Suitable Grade Level
College Statistics or Advanced High School Statistics
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