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An automated decision system

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Reference no: EM13685815

In a random sample of 80 home mortgage applications processed by an automated decision system, 15 of the applications were not approved. The point estimate of the fraction that was not approved is

            

 

Assuming that the normal approximation to the binomial is appropriate, find a 95% confidence interval on the fraction of nonconforming mortgage applications in the process.

 

Reference no: EM13685815

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