recent study reported that 12% of people toss away about half of what they buy at the grocery store. Assume that this is the true population proportion.  You surveyed a random sample of 450 grocery shoppers and found out that 72 of them end up tossing away about half of the groceries they buy at the grocery store.

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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.