# Question

From a list of stock mutual funds, 52 funds were selected at random. Of the funds chosen, it was found that 19 required a minimum initial investment under $1,000.

(a) Construct a 90 percent confidence interval for the true proportion requiring an initial investment under $1,000.

(b) May normality of p be assumed? Explain.

(a) Construct a 90 percent confidence interval for the true proportion requiring an initial investment under $1,000.

(b) May normality of p be assumed? Explain.

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