Question: A college administrator collects data on a nationwide random sample of 248 students enrolled in M.B.A. programs and finds that 65 of these students have

A college administrator collects data on a nationwide random sample of 248 students enrolled in M.B.A. programs and finds that 65 of these students have undergraduate degrees in business. Find the lower confidence limit of the 99% confidence interval for the proportion of such students in the nationwide population who have undergraduate degrees in business. Round your answer to two decimal places.

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