Suppose that we have a population with proportion P = 0.25 and a random sample of size n = 200 drawn from the population. a. What is the probability that the sample proportion is greater than 0.31? b. What is the probability that the sample proportion is less than 0.14? c. What is the probability that the sample proportion is between 0.24 and 0.40?

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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.