Students Who Major in Business It has been reported that 20.4% of incoming freshmen indicate that they will major in business or a related field. A random sample of 460 incoming college freshmen were...

Students Who Major in Business It has been reported that 20.4% of incoming freshmen indicate that they will major in business or a related field. A random sample of 460 incoming college freshmen were asked their preference, and 120 replied that they were considering business as a major.

Estimate the true proportion of freshman business majors with
98%

confidence. Round intermediate calculations to three decimal places and final answers to one decimal place.