A new improved rocket launching system is being considered for short-range assault rockets. The requirement is that 80% of the rockets shall strike the target area at 800 meters. A sample of 36 experimental launches is made with 29 striking the target area.
1) Compute a 95% Confidence interval for the true population proportion of success.
2) Based on this analysis can you conclude that the new system meets the requirement? Explain the conclusion.