Night Owls ~ A MSU psychologist reports that 38% of MSU students regularly sleep less than 8 hours each night. Cindy believes that the actual proportion of MSU students who regularly sleep less than 8 hours each night is less than the value reported by the MSU psychologist. She randomly selects 204 students and asks them, "Do you regularly sleep less than 8 hours each night?" She finds that 65 of the 204 students answered "yes" to the question.