Of 900 residents surveyed in a city, 414 say they are in favor of a bond issue for a plan to mitigate traffic congestion in the city. What is the 99% confidence interval for the population proportion of residents in favor of the bond issue?
A. 0.30 < p < 0.40
B. 0.30 < p < 0.60
C. 0.31 < p < 0.51
D. 0.42 < p < 0.50