SAT scores are distributed with a mean of 1,500 and a standard deviation of 300. You are interested in estimating the average SAT score of first year students at your college. If you would like to limit the margin of error of your 95% confidence interval to 25 points, how many students should you sample? please demonstrate the correct formula to do this in Excel.

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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.