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You want to determine the percentage of Fortune 500 CEOs who think Indiana University (IU) deserves its current Business Week rating. You mail a questionnaire
You want to determine the percentage of Fortune 500 CEOs who think Indiana University (IU) deserves its current Business Week rating. You mail a questionnaire to all 500 CEOs and 180 respond. Exactly half of the respondents believe IU does deserve its ranking.
Calculate a 95% confidence interval for the fraction of Fortune 500 CEOs who believe IU deserves its ranking. Round your answers to three decimal places, if necessary.
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