Instruction 8-16 the Registrar of a University Would Like to Estimate the Estimate

True/False

Instruction 8-16
The Registrar of a university would like to estimate the proportion of the student population who owns a personal computer. In a sample of 500 students, 417 own a personal computer.
-Referring to Instruction 8-16,it is possible that the 99% confidence interval calculated from the data will not contain the proportion of student population who own a personal computer.