This table contains the cost per ounce (S for a sample of 14 dark chocolate bars: 0.66 0.74 0.97 1.33 1.56 0.91 0.73 0.57 a. Construct a 98% Confidence Interval estimate for the population cost per our dark chocolate bars. (Have to find the sa mean and standard deviation first; samp mean becomes your point estimate) b. Construct a 90% confidence interval

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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.