The business college computing center wants to determine the proportion of business students who have personal computers (PC's) at home, because if the proportion exceeds 25%, then the lab will scale back a proposed enlargement of its facilities. Suppose 300 business students were randomly sampled and 65 have PC's at home. Should they use a hypothesis test or a confidence interval to answer this question?   a) Hypothesis test. b) Confidence interval.

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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.