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. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats. b. Assume that a prior survey suggests that about 33​% of air passengers prefer an aisle seat.

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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.