A global research study found that the majority of​ today's working women would prefer a better​ work-life balance to an increased salary. One of the most important contributors to​ work-life balance identified by the survey was​ "flexibility," with 42​% of women saying that having a flexible work schedule is either very important or extremely important to their career success. Suppose you select a sample of 100 working women. a. What is the probability that in the sample fewer than 47​% say that having a flexible work schedule is either very important or extremely important to their career​ success? b. What is the probability that in the sample between 38​% and 47​% say that having a flexible work schedule is either very important or extremely important to their career​ success? c. What is the probability that in the sample more than 39​% say that having a flexible work schedule is either very important or extremely important to their career​ success?

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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.