The Consumer Reports National Research Center conducted a telephone survey of 2000adults to learn about the major economic concerns for the future (Consumer reports,January 2009). The survey results showed that 1760 of the respondents think the futurehealth of Social Security is a major economic concern.a. What is the point estimate of the population proportion of adults who think the futurehealth of Social Security is a major economic concern.b. At 90% confidence, what is the margin of error?

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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.