Question: 5. W e are interested 1n nding out what proportion of borrowers default on a credit card loan. We sample 100 credit card loans. We

5. W e are interested 1n nding out what proportion of

5. W e are interested 1n nding out what proportion of borrowers default on a credit card loan. We sample 100 credit card loans. We find that 25 default. (A) Find the proportion of credit card borrowers that default (B) (. onstruct a 95% (. ondence Interval. (( :1 Construct a 99% Confidence Interval. Carefully interpret your ndings. [Hint Use proportions formula for the standard error] (30 points)

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