The diameter of holes for cable harness is known to have a standard deviation of 0.01 inches. A random sample of size 10 yields an average diameter of 1.5045 inches. Use a 0.01 level of significance.  a. Test the hypothesis that the true mean hole diameter equals 1.50. b. What is the P-value for this test? c. What size sample would be necessary to detect a true mean hole diameter of 1.505 inches with a probability of at least 90%

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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.