Trials in an experiment with a polygraph include 96 results that include 22 cases of wrong results and 74 cases of correct results. Use a 0.01 significance level to test the claim that such polygraph results are correct less than 80% of the time. Identify the null hypothesis, altenative hypothesis, test statistic, P-value, conclusion about the null hypothesis, and final conclusion that addresses the original claim. Use the P-value method. Use the normal distribution as an approximation of the binomial distribution. or bolow

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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.