Suppose there is a survey about interest in sports cars. The results show that 33% of men prefer to use sports car. There is a claim that the proportion of men, who prefer sports cars, is higher than the proportion of women, who prefer sports cars. To investigate the claim, we took a random sample of 86 men, where 38 of them prefer sports car. We also randomly sampled 94 women and 25 of them said they prefer sports car. What is your conclusion at a = 0.01 level of significance?

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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.