Question: A Cambridge Consumer Credit Index nationwide telephone survey of 1000
A Cambridge Consumer Credit Index nationwide telephone survey of 1000 people found that most Americans are not easily swayed by the lure of reward points or rebates when deciding to use a credit card or pay by cash or check. The survey found that 2 out of 3 consumers do not even have credit cards offering reward points or rebates. Explain why you would be reluctant to use this information to construct a confidence interval estimating the true proportion of consumers who do not have credit cards offering reward points or rebates.
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