A new rocket-launching system is being considered for deployment of small, short-range rockets. The existing system has
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A new rocket-launching system is being considered for deployment of small, short-range rockets. The existing system has p = 0.8 as the probability of a successful launch. A sample of 40 experimental launches is made with the new system and 34 are successful.
(a) Construct a 95% confidence interval for p.
(b) Would you conclude that the new system is better?
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