A coin 50 times and 26 of the 50 flips were tails. She wanted to see how likely a result of 26 tails in 50 flips would be with a fair coin, so Alexa used a computer simulation to see the proportion of tails in 50 flips, repeated 300 times. Create a 95% confidence interval based on the data from the simulation, to the nearest hundredth, and state whether the observed proportion is within the margin of error of the simulation results.