Students Who Major in Business It has been reported that

Chapter 7, Problem 12E

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QUESTION:

Problem 12E

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?

Source: New York Times Almanac.

Questions & Answers

QUESTION:

Problem 12E

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?

Source: New York Times Almanac.

ANSWER:

Answer

Step 1 of 1

(a)

20.4% of freshmen indicate that they will major in business or a related field.

We are asked to find the true proportion of freshman business majors with 98% confidence.

Does your interval contain 20.4?

We have given

The sample proportion can be found by following,

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