People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior. The probability that your survey will provide a sample proportion within ±.03 of the population proportion is??. The probability that your survey will provide sample proportion within ±.015 of the population proportion is??

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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.