It has been reported that 20.4% of incoming freshmen indicate that they will major in business or a related field. A random sample of 440 incoming college freshmen were asked their preference, and 132 replied that they were considering business as a major. Estimate the true proportion of freshman business majors with 92% confidence. Round intermediate calculations to three decimal places and final answers to one decimal place.
Added by Dawn W.
Step 1
First, we need to find the sample proportion (p̂) of freshmen who are considering business as a major. We can do this by dividing the number of students who replied they were considering business (132) by the total number of students surveyed (440). p̂ = 132 / Show more…
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