A statistics student is interested in estimating the percentage of college students that prefer hot dogs for the first barbecue of the seaon.  What is the minimum number of students that the student must survey to be 99% confident and have a margin of error of 2 percentage points (.02)? No previous survey exists.

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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.