A random sample of 10 universities gave the following data on student-to-faculty ratio and graduation rate. a) Find the line of best fit for this set of data. 3a. _____________ b) Predict the graduation rate at a university with a student-to-faculty ratio of 16. 3b.______________   S/F ratio graduation rate

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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.