Fifty-one percent of U.S college graduates consider themselves underemployed. You randomly select 250 U.S. college graduates an ask them whether they consider themselves underemployed. Find the probability that the number who consider themselves underemployed is: a) No more than 125 b) Between 100 and 125 inclusive c) No fewer than 135 (Source: Accenture)

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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.