Let p = 0.15 be the proportion of smart phone owners who have a given app in a particular market. For a particular smart phone owner, let x= 1 if they have the app and x= 0 otherwise. If a sample of 40 owners was sampled. a) What is P(X=0)? __________ b) What is P(X=1)? __________ c) Suppose that another sample was taken from a different market and 32 of the 40 owners have the app. What is the sample proportion for x=0

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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.