A charity has found that 42% of all donors from last year will donate again this year. A random sample of 300 donors from last year was taken. a. What is the standard error of the sample proportion who will donate again this year? b. What is the probability that more than half of these sample members will donate again this year? c. What is the probability that the sample proportion is between 0.40 and 0.45? d. Without doing the calculations, state in which of the following ranges the sample proportion is more likely to lie: 0.39 to 0.41, 0.41 to 0.43, 0.43 to 0.45, or 0.45 to 0.46.

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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.