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Textbook Expert
Textbook ExpertVerified Tutor
10 Nov 2021

Given information

The sample size is the number of executives n=160

The sample proportion of executives who prefer trucks is p'=26%=0.26.

Step-by-step explanation

Step 1.

The formula for the margin of error or error bound  is:

where is the critical z value for the required confidence level,  is the sample size and are the probabilities of success and failures such that  

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