A university dean is interested in determining the proportion of students who receive some sort of scholarship. Rather than examine the records for all students, the dean randomly selects 250 students...

Extracted text: A university dean is interested in determining the proportion of students who receive some sort of scholarship. Rather than examine the records for all students, the dean randomly selects 250 students and finds that 70 of them are receiving scholarships. Construct a 95% confidence interval to estimate the true proportion of students on scholarship. Round to the nearest thousandth.