Out of 400 people sampled, 288 had kids. Based on this, construct a 99% confidence interval for the true population proportion of people with kids. Give your answers as decimals, to three places please explain how to do this using excel. Excel is how my teacher wants us to find the answers but I dont know what formula to use.

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.