Suppose that a market research firm is hired to estimate the percent of adults living in a large city who have cell phones. 500 randomly selected adult residents in this city are surveyed, 481 responded yes, they own cell phones. Find a 92% confidence interval for the true proportion of adults residents in this city who have a cell phone. Then give a complete confidence statement. Round only the last calculation (both endpoints of the interval) to two decimal places.
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