Final answer:
The correct interpretation is that 95% of the time, the procedure used to generate this interval will capture the true proportion of teenagers who use Mybook as their primary social network site. It is not a probability of samples or a guarantee for a specific set of data, but rather a measure of the estimation process's reliability.
Step-by-step explanation:
The correct interpretation of the 95% confidence level in the context of the survey is that 95% of the time, the procedure used to generate this interval will capture the true proportion of teenagers who use Mybook as their primary social network site. It is not correct to interpret it as meaning that there is a 95% chance that the true proportion is within the interval for a given sample or that a specific percentage of all samples lie within the interval.
Statistical confidence intervals provide an estimate range of where the true proportion or mean of the entire population is located, based on the sample data. In this case, we are saying that we are 95% confident that the true proportion of all teenagers that prefer Mybook falls between 0.2964 and 0.9036.
It is important to note that a confidence interval does not imply that there is a 95% chance that any new sample taken will fall within the provided range. Instead, it's about the reliability of the estimation process over many samples.