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Estimating 99% confidence interval for the population proportion:
Ms. Maria Wilson is considering running for mayor of the town of Bear Gulch, Montana. Before completing the petitions, she decides to conduct a survey of voters in Bear Gulch. A sample of 400 voters reveals that 300 would support her in the November election.
A. Estimate the value of the population proportion.
B. Develop a 99 percent confidence interval for the population proportion.
What is the mean and standard deviation of the number preferring the incumbent and what is the probability that more than 68% will favor the incumbent?
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