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Estimate the proportion of student loan borrowers

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Reference no: EM132858263

A survey of a random sample of 1280 student loan borrowers found that 218 had loans totaling more than $40,000 for their undergrad education.

Construct and interpret a 95% confidence interval to estimate the proportion of student loan borrowers who have loans totaling more than $40,000. Use the 4 step process.

-State:
-Plan:
-Do:
-Conclude:

Reference no: EM132858263

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