Tim D. answered 05/24/21
Experienced College Instructor & Tutor Specializing in Statistics
This proposal is invalid. It is not possible to have a 95% confidence interval with these bounds when the sample size is only 40, IF you are basing it on a normal distribution.
A binomial distribution is approximately normal ONLY if np(1-p) ≥ 10.
For this example n = 40 and p = 0.25 (the average of the endpoints of the interval, i.e. the midpoint)
Thus
40 x 0.25 x (1 - 0.25) = 7.5 < 10.
This is a skewed distribution which cannot use a normal confidence interval.