The CEO of a company wants to estimate the percent of employees that use company computers to go on Facebook during work hours with 95% confidence.  He selects a random sample of 150 of the employees and finds that 40 of them logged onto Facebook that day. What is the margin of error for a 95% confidence interval? (Please note that answer should be in decimals. If necessary, round your answer to four decimal places).

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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The CEO of a company wants to estimate the percent of employees that use company computers to go on Facebook during work hours with 95% confidence.  He selects a random sample of 150 of the employees and finds that 40 of them logged onto Facebook that day.

What is the margin of error for a 95% confidence interval? (Please note that answer should be in decimals. If necessary, round your answer to four decimal places).

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