A random sample of 318 students from a large college was asked if they plan to visit family during Thanksgiving break. Based on this random sample, a 99% confidence interval for the proportion of all students at this college who plan to visit family during Thanksgiving break is 0.78 to 0.98. Which of the following provides the correct point estimate and margin of error for this interval? options: point estimate = 0.88; margin of error = 0.1 point estimate = 0.1; margin of error = 0.68 point estimate = 0.78; margin of error = 0.98 None of these is correct.

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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.