The Following Is a 95 % Confidence Interval $0.449 < p < 0.511$

question 3

Essay

The following is a 95 % confidence interval of the proportion of female medical school students: $0.449 < p < 0.511$ based on data from the American Medical Association. What is the point estimate of the proportion of females in the population of medical school students? Write a brief statement that correctly interprets the confidence interval given.

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Definitions:

Confidentiality

The obligation to protect sensitive information from unauthorized access or disclosure, ensuring privacy and security.

Competence

The ability or skill of an individual or organization to effectively perform or carry out a particular task or role.

Basic Information System

A foundational structure that collects, stores, manages, and distributes information for the purpose of improving decision-making and coordination.

External Users

Individuals or entities outside of an organization who are interested in its financial information, such as investors, creditors, and analysts.