Question: A random sample of n = 500 observations from a binomial population produced x = 240 successes. a. Find a point estimate for p, and

A random sample of n = 500 observations from a binomial population produced x = 240 successes.
a. Find a point estimate for p, and find the margin of error for your estimator.
b. Find a 90% confidence interval for p. Interpret this interval.

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