A university dean is interested in determining the proportio…
A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records for all students, the dean randomly selected 200 students and finds that 118 of them are receiving financial aid. The dean performs the calculations needed to determine if the sample size is large enough to use large-sample confidence interval procedures to estimate the true population proportion. Which one of the following statements is true?