been reported that 20.4% of incoming freshmen indicate that they will major in business or a related field. A random sample of 380 incoming college freshmen were asked their preference, and 111 replied that they were considering business as a major. Estimate the true proportion of freshman business majors with 98% confidence. Round intermediate calculations to three decimal places and final answers to one decimal place.   ____ %< p < ____%

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Students Who Major in Business It has been reported that 20.4% of incoming freshmen indicate that they will major in business or a related field. A random sample of 380 incoming college freshmen were asked their preference, and 111 replied that they were considering business as a major.

Estimate the true proportion of freshman business majors with 98% confidence. Round intermediate calculations to three decimal places and final answers to one decimal place.

 
____ %< p < ____%
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