A Sample of 500 Executives Who Own Their Own Home

Multiple Choice

A sample of 500 executives who own their own home revealed 175 planned to sell their homes and
Retire to Victoria. Develop a 98% confidence interval for the proportion of executives that plan to
Sell and move to Victoria.

A) 30% and 40%
B) 29% and 41%
C) 28% and 42%
D) 29.5% and 40.5%
E) 29.3% and 41.3%