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A marketing promotion collects a random sample of 200 transactions and notices that the promotion yielded a 34% successful sales rate. Use this information to
- A marketing promotion collects a random sample of 200 transactions and notices that the promotion yielded a 34% successful sales rate. Use this information to answer the following questions.
- Construct a 95% confidence interval around the population proportion. Report the margin of error along with the upper and lower bounds.
- Interpret the confidence interval in the context of the question.
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