An automobile club comes to the aid of stranded motorists who are members. Over the long run, about 10% of the members utilize this service in any 12 month period. A small town has 240 members of the club. Consider the 240members to be representative of the larger club membership. Let p̂ be the proportion of them who require aid in a 12 month period. Based on the Empirical Rule, what interval should p̂ fall about 95% of the time? (Round all answers to the nearest hundredth.)

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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.