a) What does random sampling mean and why is it important? (Hint: What does it do for us in our analysis)       b) Briefly explain the importance of the Central Limit Theorem. (What does it do for us in our analysis)         You run a test with an α = 0.10. The t-value you compute falls inside the rejection region. What do you know about the p-value?

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A:

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Q: (A) It is possible, but unlikely that one can measure the values for the entire population instead…

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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.