The percentage of female CEOs in 2013 in Fortune 500 companies was 4%, according to Time magazine

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The percentage of female CEOs in 2013 in Fortune 500 companies was 4%, according to Time magazine (March 18, 2013). Suppose a student did a survey of 250 randomly selected large companies (not Fortune 500 companies), and 15 of them had women CEOs.

a. About how many of the 250 should we expect to have female CEOs if the proportion of female CEOs is 4%, as it is for the Fortune 500 companies?

b. Carry out the first two steps of a hypothesis test that will test whether the population proportion of women CEOs is not 0.04.

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Introductory Statistics Exploring The World Through Data

ISBN: 9780321978271

2nd Edition

Authors: Robert Gould, Colleen Ryan

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Question Posted: Jul 16, 2015 10:52 AM

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The percentage of female CEOs in 2013 in Fortune 500 companies was 4%, according to Time magazine

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a There should be about 004250 10 female CEOs out of 250 b Step ...View the full answer

Introductory Statistics Exploring The World Through Data

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