#10 According to a report in USA Today, more and more parents are helping their young adult children purchase their first home. Suppose eight persons in a random sample of 57 young adults who recently purchased a home in Kentucky received help from their parents. You have been asked to construct a 95% confidence interval for the population proportion of all young adults in Kentucky who received help from their parents. What is the margin of error for a 95% confidence interval for the population proportion? Multiple Choice 1.96(0.046)

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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.