What do you value most when shopping in a retail​ store? According to a​ survey, 26​% of consumers value personalized experience most. Assuming that the survey had a sample size of n=10,000.Construct a 90% confidence interval estimate for the population proportion of consumers that value personalized experience most when shopping in a retail store.

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What do you value most when shopping in a retail​ store? According to a​ survey, 26​% of consumers value personalized experience most. Assuming that the survey had a sample size of n=10,000.Construct a 90% confidence interval estimate for the population proportion of consumers that value personalized experience most when shopping in a retail store.

Expert Solution
Step 1: Determine the given variables.

The question is about confidence interval.

Given :

No. of consumers under survey ( n ) = 10000

Sample proportion of consumers value personalized experience most ( p with hat on top ) = 0.26

Confidence level ( C ) = 0.90


To find :

Confidence interval for population proportion.

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