A population proportion is 0.70. A sample of size 100 will be taken and the sample proportion  p  will be used to estimate the population proportion. (Round your answers to four decimal places.) (a) What is the probability that the sample proportion will be within ±0.03 of the population proportion?   (b) What is the probability that the sample proportion will be within ±0.05 of the population proportion?

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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.