The Medical Field of Pediatrics Has Consistently Attracted a Large $\hat{ p}$

question 11

Essay

The medical field of pediatrics has consistently attracted a large number of women. The challenge of balancing a personal and professional life is of particular concern to women, and one possible solution is to take a part-time position. A survey of female pediatric residents inquired about the barriers to seeking part-time or reduced-hours employment in the field of pediatrics. Out of 235 women who responded, 153 cited loss of income and 101 cited reduction in benefits as potential barriers.
-Based on what you know about the sampling distribution of $\hat{ p}$ , is it reasonable tothink that this estimate is within 0.05 of the actual value of the population proportion?
Explain why or why not.

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Definitions:

Consumer Income

The total earnings of a consumer, influencing their purchasing power and ability to buy goods and services.

MU/P

This term represents Marginal Utility per unit of Price, used in economics to calculate the additional satisfaction or utility gained from consuming one more unit of a good relative to its cost.

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Enhanced Versatility

Improved ability of a product, service, or system to adapt to a wide range of functions or activities.