The FBI wants to determine the effectiveness of their 10 Most Wanted list. To do so, they need to find out the fraction of people who appear on the list that are actually caught. Step 1 of 2 :  Suppose a sample of 1604 suspected criminals is drawn. Of these people, 1011 were not captured. Using the data, estimate the proportion of people who were caught after being on the 10 Most Wanted list. Enter your answer as a fraction or a decimal number rounded to three decimal places.

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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.