Problem

Many individuals over the age of 40 develop an intolerance for milk and milk-based product...

Many individuals over the age of 40 develop an intolerance for milk and milk-based products. A dairy has developed a line of lactose-free products that are more tolerable to such individuals. To assess the potential market for these products, the dairy commissioned a market research study of individuals over 40 in its sales area. A random sample of 250 individuals showed that 86 of them suffer from milk intolerance. Based on the sample results, calculate a 90% confidence interval for the population proportion that suffers milk intolerance. Interpret this confidence interval.

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