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Suppose it is known that 8 out of the 20 teams in the sample had a season winning percentage better than 0.500. Using PHStat: (a)Find
Suppose it is known that 8 out of the 20 teams in the sample had a season winning percentage better than 0.500.
Using PHStat:
(a)Find a 95% confidence interval for the true proportion of all teams that had a season winning percentage better than 0.500.
(a)What is your opinion of the precision of this confidence interval?Give a reason for your answer.
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