Based on historical data, your manager believes that 33% of the company's orders come from first-time customers. A random sample of 95 orders will be used to estimate the proportion of first-time-customers. Show your answer to 4 decimal places if necessary. a. What is the distribution of ˆpp^? ˆpp^ ~ N(,)  b. What is the probability that the sample proportion is less than 0.39? c. What is the probability that the sample proportion is between 0.35 and 0.38?

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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.