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Solve the problem.
-A one-sided confidence interval for can be written as or where the margin of error is modified by replacing with . If a teacher wants to report that the fail rate on a test is at most with confidence, construct the appropriate one-sided confidence interval. Assume that a simple random sample of 74 students results in 8 who fail the test.
Equity Method
An accounting technique used to record investments in other companies, where the investment is represented as the investor's share of the associate's net assets, and the investor's income statement reflects their share of the associate's profits or losses.
Voting Shares
Shares of a company that grant the shareholder the right to vote on company matters.
Patent
An exclusive right granted for an invention, which allows the patent owner to exclude others from making, using, or selling the invention for a certain period of time.
Non-controlling Interest
Equity interest in a subsidiary not held by the parent company, representing a share of the subsidiary’s net assets and profits.
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