(See Solution) 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
Question: 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 400 incoming college freshmen was asked their preference, and 95 replied that they were considering business as a major. Estimate the true proportion of freshman business majors with 98% confidence. Does your interval contain 20.4?
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