d). Question a: What is the statistic (p-hat)? Question b: What is the confidence coefficient (z*) for a 95% confidence interval? Question c: What is the 95% confidence MOE?

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In a random sample of 100 paintings at a very large museum, 40 are worth over $100,000.  Goal: construct a 95% confidence interval to estimate the proportion of all paintings at the museum that are worth over $100,000 (complete questions a-d).

Question a: What is the statistic (p-hat)?

Question b: What is the confidence coefficient (z*) for a 95% confidence interval?

Question c: What is the 95% confidence MOE?

Question d: What is the 95% confidence interval to estimate the proportion of all paintings at the museum that are worth over $100,000?

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