iven ˆpp^ = 0.2857 and N = 35 for the high income group,Test the claim that the proportion of children in the high income group that drew the nickel too large is smaller than 50%. Test at the 0.1 significance level.a) Identify the correct alternative hypothesis: p>.50p>.50 p<.50p<.50 μ=.50μ=.50 p=.50p=.50 μ<.50μ<.50 μ>.50μ>.50 Give all answers correct to 3 decimal places.b) The test statistic value is:    c) Using the P-value method, the P-value is: d) Based on this, we Reject H0H0 Fail to reject H0

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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.