Although Germany has one of the healthiest economies in the eurozone, it has one of the lowest homeownership rates in Europe. According to ECD, the German homeownership rate was 44% in 2019 (compared to 66% in the U.S.A.). Suppose from a random sample of 270 households in Germany in 2020, the residence owners occupied 127. Is there evidence that this proportion has changed since 2018 based on this sample? Construct a 98% confidence interval to test this claim.

Group of answer choices

There is evidence to conclude that the homeownership rate in Germany has changed in 2018 since 44% is outside the confidence interval.

There is no evidence to conclude that the homeownership rate in Germany has changed in 2018 since 44% is within the confidence interval.

There is evidence to conclude that the homeownership rate in Germany has changed in 2018 since 44% is within the confidence interval.

There is no evidence to conclude that the homeownership rate in Germany has changed in 2018 since 44% is outside the confidence interval.