35 / A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records for all students, the dean randomly selects 200 students and finds that 118 of them are receiving financial aid. The 98% confidence interval for p is (.59 .08) Interpret this interval.

98% of the students receive between 51% and 67% of their tuition in financial aid.

We are 98% confident that 59% of the students are on some sort of financial aid.

None of the other answers are correct

We are 98% confident that between 51% and 67% of the sampled students receive some sort of financial aid.

We are 98% confident that the true proportion of all students receiving financial aid is between .51 and .67