A random sample of 450 Cincinnati residents was asked which chili they prefer:  Skyline chili or Goldstar chili.  Suppose that 45% of those surveyed said they prefer Skyline chili.  When a 95% confidence interval was constructed based on this data, the interval ended up being from 40.4% to 49.6%.  Based on this information, which of the following statements is correct?

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A random sample of 450 Cincinnati residents was asked which chili they prefer:  Skyline chili or Goldstar chili.  Suppose that 45% of those surveyed said they prefer Skyline chili.  When a 95% confidence interval was constructed based on this data, the interval ended up being from 40.4% to 49.6%.  Based on this information, which of the following statements is correct?

1. The margin of error would be larger if the sample size were bigger than n = 450.
2. The value of 45% is a statistic.
3. The value of 45% is a parameter.
4. It would be impossible to know what the margin of error is without more information.
5. If we were to select many more random samples of size n = 450 from the population of Cincinnati residents, 95% of the resulting confidence intervals would be from 40.4% to 49.6%.
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