Salaried workers at a large corporation receive 2 weeks’ paid vacation per year. Sixteen randomly selected workers from this corporation were asked whether or not they would be willing to take a 3% reduction in their annual salaries in return for 2 additional weeks of paid vacation. The following are the responses of these workers.
Construct a 97% confidence interval for the percentage of all salaried workers at this corporation who would accept a 3% pay cut in return for 2 additional weeks of paid vacation.
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