A survey of 50 high school students was given to determine how many people were in favor of forming a new rugby team. The school will form the team if at least 40% of the students at the school want the team to be formed. Out of the 50 surveyed, 11 said they wanted the team to be formed. To test the significance of the survey, a simulation was done assuming 40% of the students wanted the team, each with a sample size of 50, repeated 200 times. Create an interval containing the middle 95% of the data based on the data from the simulation, to the nearest hundredth, and state whether the observed proportion is within the margin of error of the simulation results.