According to a recent report for a franchise association, 24.9% of all franchised businesses in a certain country are minority owned. Suppose that you obtain a sample of 100 franchised businesses located in a certain region of the country and find that 18 are owned by minorities. Does this result lead you to conclude that the percentage of minority-owned franchises in the region is less than the national value of 24.9%? Explain. A 99% confidence interval for the proportion of all franchised businesses located in the region that are minority-owned is (Round to three decimal places as needed.) Based on the confidence interval, this result suggests that the percentage of minority-owned franchises in the region is less than the national value of 24.9%, since 0.249