A credit card company would like to estimate the
proportion of their customers who have at least $10,000
in credit card debt.
They select a random sample of 50 of their customers
and find that 42 of them have at least $10,000 in credit
card debt.
They would like to construct a 95% confidence interval
for the true proportion of their customers who have at
least $10,000 in credit card debt
Random condition: ✔✓ met
10% condition: ✔✓ met
Large counts condition: ✔ not met
Are the conditions for inference met? ✔no