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Mathematics, 03.05.2020 13:52 cbreazzy

An insurance company wants to estimate what proportion of its policyholders would be interested in a $1000 deductible on their collision coverage. The company randomly sampled 200 policyholders, and 68 said they would adopt this deductible if it were available. Find the 95% confidence interval for the proportion of policyholders who would adopt this deductible. Give the correct interpretation of your result.

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