An exam consists of 50 multiple-choice questions. Based on how much you studied, for any given question you think you have a probability of p=0.70 of getting the correct answer. Consider the sampling distribution of the sample proportion of the 50 questions on which you get the correct answer. a. Find the mean and standard deviation of the sampling distribution of this proportion. b.What do you expect for the shape of the sampling distribution? Why? c. If truly p=0.70, would it be very surprising if you got correct answers on only 60% of the questions? Justify your answer by using the normal distribution to approximate the probability of a sample proportion of 0.60 or less.

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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.