the general election (Rasmussen Reports website, November 4, 2012). The state of theeconomy was thought to be an important determinant of how people would vote. Amongother things, the survey found that 165 of the respondents rated the economy as good orexcellent and 315 rated the economy as poor.a. Develop a point estimate of the proportion of likely voters in Ohio who rated theeconomy as good or excellent

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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.