A recent report stated that only 20% of all college graduates find work in the field of their undergraduate major. A random sample of 400 graduates from across the country found 100 working in the field of their undergraduate major. Does the sample provide evidence to indicate that the percentage given in the report is too low? Justify.

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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.