For a random sample of 70 overweight men, the mean of the number of pounds that they were overweight was 31. The standard deviation of the population is 3.9 pounds. Use a graphing calculator and round the final answers to one decimal place. of 4    Part 1: The best point estimate of the mean is 31 pounds?   Part 2: Find the 95% confidence interval of the mean of these pounds.   Which interval is larger?

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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.