A college admissions officer takes a simple random sample of 41 entering freshman. The admissions officer finds the average math SAT score is 510 with a standard deviation of 55. The admissions officer will like to estimate the average math SAT for all entering freshman. (Round numeric answers to two decimal places.) What parameter is the admissions officer estimating?  What is the point estimate? Find the margin of error for a 99% confidence interval for the true average math SAT score for incoming freshman at the college.   Interpret: We are 99% confident that the true average math SAT score for incoming freshman at the college is between (?) and (?)

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.