Assume that the population proportion is 0.46. Compute the standard error of the proportion,  σp,  for sample sizes of 500,000; 1,000,000; 5,000,000; 10,000,000; and 100,000,000. (Round your answers to five decimal places.) sample size of 500,000sample size of 1,000,000sample size of 5,000,000sample size of 10,000,000sample size of 100,000,000 What can you say about the size of the standard error of the sample proportion as the sample size is increased? The standard error of the sample proportion,  σp,   ---Select--- increases decreases and becomes extremely  ---Select--- small large as the sample size becomes huge.

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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.