A simple random sample of 240 individuals provides 72 Yes responses. (a). What is the point estimate of the proportion of the population that would provide Yes responses?    (b). What is the estimate of the standard error of the proportion?    (c). Compute the 80% confidence interval for the population proportion Round answer four decimal places

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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.