Problem 5 Working at home: According to the U.S. Census Bureau, 43% of men who worked at home were college graduates. In a sample of 500 women who worked at home, 162 were college graduates. a) Find a point estimate for the proportion of college graduates among women who work at home. b) Construct a 98% for the proportion of college graduates among women who work at home who are college graduates. c) Based on the confidence interval, is it reasonable to believe that the proportion of college graduates among women who work at home is the same as the proportion of college graduates among men who work at home? Explain.

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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.