Dopeyouup is attempting to determine the riskiness of a new drug that it is putting on the market due to the recent number of lawsuits relative to drug use. They have taken a sample of 2500 individuals and found that 200 had a reaction to the drug.
a. If you wanted to make some probabilistic statements about the use of drugs, should you be using the Student's-t distribution or the normal? Why?
b. What is the margin of error if you want a 97% confidence interval?
c. Develop a 97% confidence interval for the true population proportion.