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Students Who Major in Business It has been reported that
Chapter 7, Problem 12E(choose chapter or problem)
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,