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Question

Fourteen of 180 publicly traded business services companies failed a test for compliance with Sarbanes-Oxley requirements for financial records and fraud protection. Assuming that these are a random sample of all publicly traded companies, construct a 95 percent confidence interval for the overall noncompliance proportion. See The New York Times, April 27, 2005, p. BU5.

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Recall the formula for the Confidence interval for π:\pi:

p±zα/2p(1p)np\pm z_{\alpha/2}\sqrt{\frac{p(1-p)}{n}}

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