Answer: A 95% confidence interval for the true proportion (p) will be (0.4762136, 0.5637864).
Step-by-step explanation:
Let p = True proportion of people rent their residence.
Given: n= 500
People rent their residence = 260

z-value for 95% confidence level = 1.96
A 95% confidence interval for the true proportion will be :


A 95% confidence interval for the true proportion (p) will be (0.4762136, 0.5637864).