Last year's freshman class at Big State University totaled 5,348 students. Of those, 1,263 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was M$3,441, $485). If the cost of full tuition was $4,250 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.) Percentage of students 25

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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.