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In 2004, ACT Inc. reported that 74% of 1644 randomly selected college freshmen returned to college the next year. You are interested in estimating the

In 2004, ACT Inc. reported that 74% of 1644 randomly selected college freshmen returned to college the next year. You are interested in estimating the national freshman-to-sophomore retention rate. What is the lower bound for a 98% confidence interval. Give your answer to four decimal places. Hint: The z - critical value or multiplier for a 98% confidence level is 2.326

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