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Develop and interpret a percent confidence interval

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Reference no: EM133090326

A financial analyst is interested in estimating the proportion of publicly-traded companies on the New York Stock Exchange that have cash balances that are more than 10 percent of the total assets of the company. A random sample of n = 100 companies shows that 13 had cash balances of more than 10 percent of assets. Based on this information, develop and interpret a 90 percent confidence interval estimate for the population proportion.

Reference no: EM133090326

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