According to a report in USA Today, more and more parents are helping their young adult children get homes. Suppose eight persons in a random sample of 55 young adults who recently purchased a home in Kentucky received help from their parents. You have been asked to construct a 95% confidence interval for the population proportion of all young adults in Kentucky who received help from their parents. What is the margin of error for a 95% confidence interval for the population proportion?

Multiple Choice

1.96(0.0055)

1.645(0.0055)

1.645(0.0475)

1.96(0.0475)