) The mean of a chance sample with n=25 volume is X ̅=60. Since it is known that the standard deviation of the population is σ=12, find the confidence interval for the mean of the population with a probability of 95%. A) 55,296-64,704 B) 50,296-60,704 C) 59,296-61,704 D) 51,296-68,704 E) 53,296-66,704

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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.