Students Who Major in Business 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 330 incoming college freshmen were asked their preference, and 93 replied that they were considering business as a major. Estimate the true proportion of freshman business majors with 96% confidence. Round intermediate calculations to three decimal places and final answers to one decimal place. % < p < %
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This is done by dividing the number of students who replied they were considering business as a major (93) by the total number of students surveyed (330). p̂ = 93/330 = 0.282 Show more…
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