Question: Consider each situation described below. Identify the population and the sample, explain what the parameter p or or m represents, and tell whether the methods

Consider each situation described below. Identify the population and the sample, explain what the parameter p or or m represents, and tell whether the methods of this chapter can be used to find a confidence interval. If so, find the interval.

A sample of 1,000 customers given loans during the past two years contains 2 who have defaulted.

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