A random sample of 10,000 bottles of cola was taken to see whether the mean weight was 16 fluid ounces, as marked on the container. The null hypothesis is that the population mean is 16 ounces. Use the read-out below to test the hypothesis that the colas do not have a population mean of 16 fluid ounces. You do not have to do any calculations; just interpret the given data clearly and thoroughly in the context of the problem. | One-Sample T: ounces Test of u = 16 vs = 16 Variable Mean StDev SE Mean 95 CI T P ounces 10000 15.9988 0.0985 0.0010 (15.9969, 16.0007) -1.21 0.225

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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.