Suppose that we test the hypotheses H0: μ = 50, Ha: μ > 50 Suppose that a sample of size 30 has a t-statistic of 2.43. Find the corresponding P-value. (See if you can figure this out without using the simulation. Give it a try!)

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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.