In a survey conducted by a business management company, 51% of the U.S. workers siad they have negotiated a pay raise at least once inthier lives. The sample size used in the study was not disclosed. A) Suppose that the survey had a sample size of n=500. Construct a condifidence interval estimate for the proportion of all United States workers who have negotiated a pay raise. Solution Answer to the question) P = 0.51 n = 500 Standard error SE = srt(0.51 *0.49/500) SE = 0.0224 . Let the confidence level = 95% , so the Z critical value = 1.96 . The formula of cofndience interval is: p - z* SE , p + z * SE . On plugging the values we get 0.51 - 1.96 *0.0224 , 0.51 +1.96 *0.0224 0.04661 , 0.5539.