In a random sample of 1500 BA major students who are graduating from the University of Western Cape (UWC) this summer (2020), we observe that 1380 have already found a job. What proportion of students graduating from UWC this summer have NOT already found a job (rounded off to two decimals)? Calculate the standard error for students graduating from UWC this summer that have not already found a job based on the sample provided (rounded off to four decimals). Find a 95% confidence interval for the proportion of students graduating from UWC this summer that have not found a job already (rounded off to four decimals).

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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.