Construct a 95% confidence interval for μ1 - μ2. Two samples are randomly selected from normal populations. The sample statistics are given below. Assume that σ21 = σ22. n1 = 8 n2 = 7 x1 = 4.1 x2 = 5.5 s1 = 0.76 s2 = 2.51

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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.