Among a simple random sample of 331 American adults who do not have a four-year college degree and are not currently enrolled in school, 48% said they decided not to go to college because they could not afford school. A newspaper article states that only a majority of the Americans who decide not to go to college do so because they cannot afford it and uses the point estimate from the survey as evidence. Conduct a hypothesis test to determine if these data provide strong evidence supporting this statement. (a) What are the hypotheses for evaluating this test? (b) The test statistic is? (c) Based on the p-value for this test, what is the conclusion?

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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.