A soft-drink machine at a steak house is regulated so that the amount of drink dispensed is approximately normally distributed with a mean of 210 milliliters and a standard deviation of 12 milliliters. The machine is checked periodically by taking a sample of 16 drinks and computing the average content. If x falls in the interval 201

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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.