Independent samples of the opinions of registered Republican and Democratic party members was taken concerning the weakening of the Endangered Species Act (ESA). The results are listed in the table below. Party  Affiliation For Weakening ESA Against Weakening ESA Republican 38 62 Democrat 26 74    Let  denote the proportion of Republicans who are in favor of weakening the Endangered Species Act and  denote the proportion of Democrats who are in favor of weakening the Endangered Species Act. Give point estimates of p1,p2 and p1-p2. Suppose the estimated standard error of the point estimate of from its bootstrap distribution is 0.07. Compute a 95% confidence interval for  and interpret the confidence interval. What is your conclusion based on the confidence interval?

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A:

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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.