Lexi of Arm End insurance ,was hired to estimate the proportion of patients that had paid their Bill's on time. She took a random sample of 100 such patients and found that 85 of them had paid their Bill's on time. Help her find 96% confidence interval for population proportion.

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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.