A student reads that a 95% confidence interval for the proportion of incoming freshmen at Highly Competitive University who were valedictorians of their high school graduating class
is given by (0.24. 0.29) based on a random sample of incoming freshmen. When asked to
explain the meaning of the interval, the student says, "I know that between 24% and 29% of
all incoming freshmen were valedictorians." Is the student correct? Explain.