An accounting professor is notorious for being stingy in giving out good letter grades. In a large section of 160 students in the fall semester, she gave out only 3% A's, 18% B's, 47% C's, and 32% D's and F's. Assuming that this was a representative class, compute the 99% confidence interval of the probability of getting at least a B from this professor.
Total proportion of students of getting at least a B = 3% + 18% = 21% =0.21
Sample proportion
= 0.21
Sample size (n) = 160
Confidence interval(in %) = 99
z @ 99% = 2.576
Since we know that

Required confidence interval = (0.21-0.0829, 0.21+0.0829)
Required confidence interval = (0.1271, 0.2929)
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An accounting professor is notorious for being stingy in giving out good letter grades. In a...
Exercise 8-51 Algo An accounting professor is notorious for being stingy in giving out good letter grades. In a large section of 80 students in the fall semester, she gave out only 6% A's, 16% B's, 51% C's, and 27% D's and F's. Assuming that this was a representative class, compute the 90% confidence interval of the probability of getting at least a B from this professor.
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