The Zimmerman Agency conducted a study for Residence Inn by Marriott of business travelers who take trips of five nights or more. According to this study, 37% of these travelers enjoy sightseeing more than any other activity that they do not get to do as much at home. Suppose 120 randomly selected business travelers who take trips of five nights or more are contacted. What is the probability that fewer than 40 enjoy sightseeing more than any other activity that they do not get to do as much at home? (Round z value to 2 decimal places, e.g. 1.25. Round your answer to 4 decimal places, e.g. 0.2531.) P(x < 40) = enter probability rounded to 4 decimal places

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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.