MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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.
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A large-sample 98% confidence interval for the proportion of hotel reservations that are canceled on the intended arrival day is (0.048, .112). What is the point estimate for the proportion of hotel reservations that are canceled on the intended arrival day from which this interval was constructed?

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