For many years businesses have struggled with the rising cost of health care. But recently, the increases have slowed du

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For many years businesses have struggled with the rising cost of
health care. But recently, the increases have slowed due to less
inflation in health care prices and employees paying for a larger
portion of health care benefits. A recent Mercer survey showed that
52% of U.S. employers were likely to require higher employee
contributions for health care coverage. Suppose the survey was
based on a sample of 600 companies. Compute the margin of error and
a 95% confidence interval for the proportion of companies likely to
require higher employee contributions for health care coverage. If
required, round your answer to four decimal places. Round
intermediate calculations to four decimal places.