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A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records of all students, the dean randomly selects 200 students and finds that 118 of them are receiving financial aid. The 95% confidence interval for the proportion is estimated as 0.57 ± 0.07.
Problem 1: What is the point estimate of the proportion of students who receive some sort of financial aid?
a) 66%
b) 58%
c) 57%
d) 43%
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