Math Problem Statement
A hardware store surveyed 600 consumers and found that 414 were enthusiastic about new home décor they plan to show in their stores. Construct a 90% confidence interval for the proportion of individuals in the population who would be enthusiastic about the new décor.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Interval
Formulas
Sample proportion formula
Standard error formula
Margin of error formula
Theorems
Central Limit Theorem
Suitable Grade Level
Advanced High School or College
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