6. Tartus Industries has seven production employees (considered the population). The hourly earnings of each employee are given in the following table. Employee Joe Sue Sam Jon Bob Art Ted Earning($) 14 14 16 16 14 16 18 What is the population mean? What is the sampling distribution of the sample mean for samples of size 2? What is the mean of the sampling distribution? What observations can be made about the population and the sampling distribution? Note: Solve only the first two parts

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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.