In a simple random sample of 26 small business owners, 25 said that hiring college graduates makes their workplace better. Test the hypothesis that more than 81% of small business owners believe that hiring college graduates makes their workplace better at the 0.05 level. The correct conclusion is that we Select an answer: can, cannot, can maybe...  conclude that Select an answer: less than, exactly more than, a percentage different from...  81% of Select an answer: randomly selected, all sampled  ...small business owners believe that hiring college graduates makes their workplace better.   What level of concern do you have for the validity of your results? Extreme −- we should not use any part of what we've done to make a conclusion Moderate −- the sample size is only 26, but that's likely close enough to 30 for our results to not be completely dismissed None −- all assumptions are met so there appears to be no problem with the conclusion Low −- the only assumption violated (nq0=4.94) misses by a very small margin, so there is minor concern Either the low or moderate response is acceptable

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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.