Students who major in business. It has been reported that 20.4% of incoming freshmen indicated that they
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Question:
Students who major in business. It has been reported that 20.4% of incoming freshmen indicated that they will major in business or a related field. A random sample of 242 incoming college freshmen were asked their preference, and 70 replied that they were considering business as a major. Estimate the true proportion of freshman business majors with 96% confidence.
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