You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you​ survey? Assume that you want to be 95​% confident that the sample percentage is within 3.5 percentage points of the true population percentage. Complete parts​ (a) and​ (b) below. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats.

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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.