In a poll, 416 of 1040 randomly selected adults aged 18 or older stated that they believe there is too little spending on education. Use the information to answer the following questions.
(a) (1 pt) Obtain a point estimate for the proportion of adults aged 18 or older who feel there is too little spending on education.
(b) (2 pts) Verify that the requirements for constructing a confidence interval about p are satisfied.(You must state the requirements).
(c) (2 pts) Construct a 99% confidence interval for the proportion of adults aged 18 or older who believe there is too little spending on education.
(d) (2 pts) Interpret the confidence interval in part(d)
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