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A food-products company conducted a market study by randomly sampling and interviewing 1000 consumers to determine which brand of breakfast cereal they prefer. In this
A food-products company conducted a market study by randomly sampling and interviewing 1000 consumers to determine which brand of breakfast cereal they prefer. In this sample, 313 consumers were found to prefer the company's brand. Estimate the true proportion of consumers who prefer the company's brand using a 95% confidence interval.
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