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[Solution Library] In a random sample of 361 owners of small businesses that had gone into bankruptcy, 105 reported conducting no marketing studies prior to opening

Question: In a random sample of 361 owners of small businesses that had gone into bankruptcy, 105 reported conducting no marketing studies prior to opening the business.

  1. Compute a 95% confidence interval for the proportion of small businesses going into bankruptcy that have not conducted marketing studies.
  2. What assumptl0n(s) are you making to obtain this confidence interval?
  3. What is this result generally taken to mean?

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