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Students who major in business. It has been reported that 20.4% of incoming freshmen indicated that they will major in business or a related field.

Students who major in business. It has been reported that 20.4% of incoming freshmen indicated that they will major in business or a related field. A random sample of 496 incoming college freshmen were asked their preference, and 94 replied that they were considering business as a major. Estimate the true proportion of freshman business majors with 97% confidence.

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