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local firm is trying to decide what it would cost the company if they changed their retirement program. First, they must examine the proportion of

local firm is trying to decide what it would cost the company if they changed their retirement program. First, they must examine the proportion of employees that they expect to participate in the program. In a preliminary survey of 87 employees 67% said that they would participate in the new program. Determine the LOWER bound of the 95% confidence interval for the proportion of employees who would participate in the new program.

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