A television executive claims that the percent of households that watch the Macy's parade on Thanksgiving Day is over 65%.  In a random sample of 175 households, 121 of them watched the parade.  Can you show that the  executive's claim is accurate using a 0.05 level of significance? What of the following should you use for the Alternative Hypothesis?

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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.