Assume that a sample is used to estimate a population proportion u. Find the margin of error M.E. that corresponds to a sample of size 316 with a mean of 46.3 and a standard deviation of 5.9 at a confidence level of 98%. Report ME accurate to one decimal place because the sample statistics are presented with this accuracy. М.Е. 3 Answer should be obtained without any preliminary rounding. However, the critical value may be rounded to 3 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.