Suppose 250 randomly selected people are surveyed to determine if they own a tablet. Of the 250 surveyed, 98 reported owning a tablet. Using a 95% confidence level, compute an upper bound estimate for the true proportion of people who own tablets. Round to three decimal places.

Let z_0.05 = 1.645, z0.1 = 1.28, z_0.025 = 1.96.